The Government of Indonesia has issued its third sovereign Sukuk. The $1 billion, 10-year bond, is part of a $3 billion trust certificate issuance program. It was rated BB+ by Standard and Poor’s, BBB- by Fitch and Baa3 by Moody’s.
Indonesia was able to price the Sukuk at 3.3 per cent, at the tight end of final guidance of 3.3-3.4 per cent and 20 basis points tighter than the initial price guidance of 3.5 percent provided before the sale. ……………………………………….Full Article: Source