08.05.2009 - Indonesia appoints sukuk trustee
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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