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Norton Rose advises Indonesia on $1bln Sukuk issuance

Posted on 24 November 2011

Norton Rose has bolstered its reputation in the Islamic finance field after advising Indonesia on a $1 billion sukuk issuance, as the country attempts to increase its burgeoning currency reserves and targets the fastest economic growth since the Asian financial crisis of 1998.
The issuance, which closed on Nov. 21, was structured as a sukuk al ijara (sale and lease back) and has a maturity of seven years, with periodic distributions of four per cent per annum, the law firm said in a statement………………………………………..Full Article: Source

 
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