Photo for illustrative purposes only. Skyline of downtown Jakarta with Mass Rapid transit in the foreground on May 5, 2020.

Islamic Finance

Indonesia hires arrangers for U.S. dollar sukuk: sources


The Republic of Indonesia has hired arrangers for an upcoming U.S. dollar-denominated sukuk, according to three people familiar with the sovereign’s plans.

Among the arrangers are Dubai Islamic Bank, HSBC, Standard Chartered, and Bank Mandiri, said two of the people.

Representatives from DIB, HSBC, Standard Chartered and Bank Mandiri did not respond to our request for comment.

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tags:

Sukuk
Debt
Government budgets