Indonesia parliament approves 30 trln rph assets for sukuk issues

JAKARTA, June 21 Tue Jun 21, 2011 6:51am EDT

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JAKARTA, June 21 (Reuters) - An Indonesian parliamentary commission approved on Tuesday the use of 30.2 trillion rupiah ($3.5 billlion) of state-owned assets to guarantee government sukuk issues.

The government has not issued sukuk for nearly two months after it ran out of underlying assets. ($1 = 8,615 rupiah) (Reporting by Adriana Nina Kusuma and Rieka Rahadiana; Editing by Neil Chatterjee)