From Asianinvestor.net: Indonesia has appointed the Bank of New York Mellon to provide corporate trust services for its first sharia-compliant, US dollar-denominated sovereign sukuk.

Priced at $650 million, the five-year term ijara sukuk — or Islamic bond ­– was launched by the Perusahaan Penerbit SBSN Indonesia I (PPSI-I) special purpose vehicle with rights over 66 government properties. It has an annual fixed-rate yield of 8.8% payable annually or biannually…….Full Article: Source