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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

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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