Indonesia sells US$2b global sukuk in largest-ever offering
Add BT as a preferred source
[JAKARTA] Indonesia completed its largest-ever global sukuk sale, selling US$2 billion of Islamic bonds at the lowest yield in three years.
The Finance Ministry issued the notes at 4.325 per cent, lower than the initial 4.55 per cent indicated, Robert Pakpahan, director general at the budget financing and risk management office, said in a text message on Friday.
That compares with the 4.35 per cent rate paid on similar Shariah-compliant debt sold last year and the record-low 3.3 per cent on 10-year sukuk issued in 2012.
BLOOMBERG
Share with us your feedback on BT's products and services
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Beyond beaches or Bali: Singapore’s push for urban wellness tourism
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
Can Vietnam’s small-business backbone survive a compliance squeeze – all at once?
