Indonesia’s elevation to investment grade may propel the country’s sukuk to outperform Malaysian bonds in 2012 after trailing the debt this year. Fitch Ratings, which raised Indonesia to BBB- last week, rates Malaysia three levels higher at A-.
Yields on Indonesia’s 8.8 per cent dollar-denominated Islamic securities due April 2014 were at 3.30 per cent, compared with 2.62 per cent for Malaysia’s 3.928 per cent global syariah-compliant notes due in 2015, according to prices from Royal Bank of Scotland Group plc………………………………………..Full Article: Source