The following borrowers plan to offer sukuk, which pay returns on assets to comply with Islam’s ban on interest. Global sales reached $9.6 billion this year compared with $8.6 billion in the same period of 2013, data compiled by Bloomberg show.
Belo Corp., the television broadcaster that spun off its newspapers last year, plans to sell debt after high-yield, high-risk bonds rallied for the eighth straight month, outpacing stock market returns.
PT Agung Podomoro Land plans to acquire one or two property companies for an estimated 550 billion rupiah this year, Bisnis Indonesia reported, citing Justini Omas, corporate secretary at the Indonesian developer.
PT Timah plans to focus more on its offshore tin mining operations and the company will add suction dredgers and bucket-wheel dredgers to boost production, Bisnis Indonesia reported, citing Abrun Abubakar, corporate secretary at the Indonesian tin producer.