March 30, 2011 / 6:41 AM / 9 years ago

Indonesia plans to issue 3-mth, 6-mth and 12-mth sharia T-bills

JAKARTA, March 30 (Reuters) - Indonesia’s finance ministry plans to issue 3-month, 6-month and 12-month sharia T-bills starting from the end of the second quarter this year, said Dahlan Siamat, sharia director at the debt office, on Wednesday.

The move is aimed at providing short-term financial instruments after the central bank stopped regularly selling its 3-month and 6-month SBI debt, part of measures to reduce volatile capital inflows.

Siamat also said the ministry aimed to raise 1 trillion rupiah ($114.6 million) from a sukuk auction on April 12. ($1 = 8722.5 Rupiah) (Reporting by Adriana Nina Kusuma and Rieka Rahadiana; Editing by Neil Chatterjee)

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