Indonesia sukuk catches market momentum

And the sovereign takes advantage of it to push down on the new issue premium.

Indonesia sukuk catches market momentum

The Republic of Indonesia swept through its funding target for the first half of 2016 on Monday with an upsized $2.5 billion sukuk issue.

As a result of the split- and 10-year deal, the sovereign has now raised 64% of the $9.35 billion it is targeting from international markets in 2016, or 2% more than the 62% it was hoping to raise by the end of June. 

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