Indonesia $1.5b sukuk receives huge order book

The sovereign was able to price its latest Islamic bond offering at competitive levels, riding on positive sentiment post-elections and lower risk-free rates.

Indonesia $1.5b sukuk receives huge order book

The Republic of Indonesia launched an Islamic bond on Tuesday after ramping up interest for the dollar sukuk for more than a month, making it one of the first debt issuers since the summer.

Indonesia's $1.5 billion 10-year sukuk obtained a order book of more than $10 billion from nearly 400 accounts, according to a source close to the deal. The source added that this is one of the largest order books received for an...

To continue reading, please login or register for free

Click for more on: sukuk | islamic bond | indonesia | bonds | asia

Print Edition

FinanceAsia Print Edition