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...

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