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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

Investment grade in sight on successful global sukuk sale

Posted on 16 November 2011

The government’s successful selling of US dollar-denominated Islamic bonds known as sukuk at a cheaper rate signals declining risks of investing in Indonesia. Even more convincing, the sukuk sales came amid global financial market uncertainty, bringing the country closer to an investment grade rating.

The selling of the nation’s second-ever sharia-compliant global sukuk was oversubscribed by 6.5 times, and the government collected US$1 billion, according to Finance Ministry debt management office Director General Rahmat Waluyanto on Tuesday……………………………………..Full Article: Source

 
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