Indonesia sold $1 billion of Islamic bonds at half the rate of its 2009 debut and more than two percentage points lower than a sale by Italy, supporting the Asian nation’s claim for an investment-grade rating.

The 2018 dollar securities were sold at 4 percent, data compiled by Bloomberg show. The nation issued $650 million worth of five-year sukuk in April 2009 at 8.8 percent. Italy auctioned 3 billion euros ($4 billion) of five-year bonds at 6.29 percent…………………………………….Full Article: Source