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Indonesia to press ahead with issuance of sovereign sukuk

Posted on 17 October 2011

Indonesia, the most populous Muslim country and potentially the largest market for Islamic finance, has received a major boost to press ahead with the issuance of its proposed benchmark global Islamic trust certificates (sukuk) which will be issued by Perusahaan Penerbit SBSN Indonesia II (PPSI II), a special purpose vehicle (SPV) on behalf of the Ministry of Finance of Indonesia.
The issuance, which has been assigned a “BB+” long-term foreign currency issue rating by Standard and Poor’s and a provisional rating of Ba1 by Moody’s Investors Service, was subject to the right market conditions, especially pricing……………………………………….Full Article: Source

 
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