International legal practice Norton Rose has advised the Republic of Indonesia for a second time on another large scale international Sukuk issuance. The firm advised the Republic of Indonesia on the establishment of a $3 billion Sukuk issuance programme and the initial issuance of $1 billion of Sukuk under the programme.
The issuance, which closed on November 21, 2012, has a maturity of ten years, with periodic distributions of 3.3 per cent per annum. The issuance was governed by English laws and was offered under Rule 144A and Regulation S of the US Securities Act to a broad range of investors based inside and outside the US………………………………………..Full Article: Source