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Indonesia Enlists Central Bank to Backstop Government Sukuk Sales in Effort to Fund Additional COVID-19 Spending

The Central Bank of Indonesia participated in domestic government long-term sukuk sales this week following a rule change that allows it to directly access the securities through primary auctions. The move enables Bank Indonesia to backstop domestic sukuk sales as the government seeks to raise additional funding to help tackle the COVID-19 pandemic.

Apr 24, 2020 // 10:30AM

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