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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Indonesia appoints sukuk trustee

Posted on 08 May 2009

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

 
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