| Sentiment that Indonesia's bond rating could soon be upgraded to investment quality has helped fuel foreign demand for an Indonesian government Sukuk issue. The issue is only for $1 billion but already 75% has been booked to local buyers and investors domiciled in the Middle East and Malaysia.
Sukuk are bond-like certificates that don't pay interest but where investors take an ownership stake in the project the bonds are financing and investors' coupon payments are funded through structured profit streams from that stake............................................Full Article: Source
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