null Indonesia raises $3.25 billion in its biggest global sukuk sale
Indonesia raises $3.25 billion in its biggest global sukuk sale
26 May 2022 | Thursday Source: Channel News Asia
Indonesia has raised $3.25 billion by selling U.S. dollar-denominated Islamic bonds with 5-year and 10-year tenures, the country's biggest global sukuk issuance, the finance ministry said on Wednesday.
The 5-year notes carry a coupon of 4.40 per cent, while the 10-year notes have a 4.70 per cent coupon, below the sovereign's initial price guidance, it said in a statement.
Total order books reached $10.8 billion.
"The issuance ... is the biggest global sukuk transaction by the government in history, an accomplishment achieved amid intraday (market) volatility," the ministry said.
Read more here