Indonesia will offer its lowest- ever coupon for dollar-denominated bonds when it sells global sukuk as soon as next month, according to Manulife Asset Management Indonesia and BNI Asset Management.
The fund managers, who oversee a combined $3.1 billion, expect the $1 billion issue to be sold at a yield of about 3 percent, lower than a sale of seven-year Shariah-compliant notes in November that paid a rate of 4 percent. The nation sold $2.5 billion of non-Islamic 10-year securities in April at 3.75 percent, the lowest for any Indonesian dollar sale………………………………………..Full Article: Source