The Republic of Indonesia (RoI) continues to push the envelop on its sukuk fund raising when it priced on November 14 a 10-year, US$1 billion offering, which achieved a lower yield than the conventional bonds it printed earlier this year.
The Reg S/144A issue was priced at par with a periodic distribution of 3.30%. This is at the tight end of the final guidance of 3.35% area (+/- 5bp) and well inside the initial guidance of 3.50% area. The sukuk was quoted at 99.75 to par in the morning of November 15………………………………………..Full Article: Source