Photo for illustrative purposes only. Business district in Jakarta, Indonesia.

Islamic Finance

Indonesia lining up US dollar sovereign sukuk - sources


LONDON - The Republic of Indonesia is preparing its annual US dollar-denominated sovereign sukuk issue, two sources familiar with the government’s plans told Salaam Gateway.

Indonesia plans to bring the Shariah-compliant debt to market within the next two weeks, with an international investor roadshow for next week, said the sources.

Among the international arrangers for the sukuk are Dubai Islamic Bank, HSBC and Standard Chartered Bank, according to the sources.

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Sukuk