Indonesia pushes sukuk boundaries with 10-year tenor

Indonesia prints its first 10-year dollar sukuk, making it one of the rare borrowers to do so.

Indonesia pushes <i>sukuk</i> boundaries with 10-year tenor

The Republic of Indonesia printed its first 10-year sukuk early Thursday morning, raising $1 billion as it took advantage of demand for long-dated bonds.

Sukuk investors typically favour short tenors in the three- to five-year range, and Indonesia is one of only a handful of borrowers in the world to be able to sell  longer-dated paper. It isn’t the first in Asia, however Malaysia issued a 10-year sukuk in 2011, as has Maybank in...

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