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Indonesia finmin says "to move fast" in issuing a global sukuk

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Indonesia's government needs to move fast in issuing dollar-denominated Islamic bond this year, in order to anticipate further changes in US interest rates, finance minister Bambang Brodjonegoro told reporters on Wednesday.

[JAKARTA] Indonesia's government needs to move fast in issuing dollar-denominated Islamic bond this year, in order to anticipate further changes in US interest rates, finance minister Bambang Brodjonegoro told reporters on Wednesday.

Brodjonegoro did not disclose the size of the planned issuance. The government raised US$3.5 billion in global bonds in December as pre-funding for the 2016 state budget.

Deutsche Bank, Citigroup, Standard Chartered, CIMB, Dubai Islamic Bank have been hired to arrange the sale, according to a source familiar with the matter.

REUTERS