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Indonesia raises $1.5 bln from global sukuk, yields lower than target
September 11, 2013 / 9:28 AM / 4 years ago

Indonesia raises $1.5 bln from global sukuk, yields lower than target

JAKARTA, Sept 11 (Reuters) - Indonesia’s finance ministry sold $1.5 billion of global sharia bonds, maturing in 2019, the ministry’s debt office said on Wednesday.

The yield of the dollar-denominated bond was 6.125 percent, 25 basis points lower than the initial target of 6.375 percent.

Total incoming bids were $5.7 billion, mostly from Asia and the United States. The ministry’s fourth global sukuk was the largest since 2009.

Reporting by Nilufar Rizki; Writing by Rieka Rahadiana

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