19 October 2011
Local news sources are reporting that the Indonesian finance ministry is on the verge of issuing a $500m Sukuk. The proposed note would have a tenor of five years. This would follow on from an earlier $650m Sukuk issued in 2009 which was priced at 8.8% at the time.
The Sukuk is aimed at a global audience, but Malaysian newspaper, The Star believes that most subscribers will be from the MENA region. It is also rumored that Citi, HSBC and Standard Chartered will be mandated lead arrangers.
Local news sources are reporting that the Indonesian finance ministry is on the verge of issuing a $500m Sukuk. The proposed note would have a tenor of five years. This would follow on from an earlier $650m Sukuk issued in 2009 which was priced at 8.8% at the time.
The Sukuk is aimed at a global audience, but Malaysian newspaper, The Star believes that most subscribers will be from the MENA region. It is also rumored that Citi, HSBC and Standard Chartered will be mandated lead arrangers.
© The Islamic Globe 2011
