Indonesia raises $2.5b in its largest global 'sukuk' offering

Indonesia raises $2.5b in its largest global 'sukuk' offering

The Indonesian government sold $2.5 billion of sharia bonds to the global markets on Tuesday, the largest amount it has raised to date from what’s known as “global sukuk“.

The government sold $750 million of 5-year sukuk with a coupon at 3.4 percent, while the coupon it will pay for the $1.75 billion 10-year sukuk was set at 4.55 per cent, Robert Pakpahan, the finance ministry’s director general of financing and risk management.

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