Indonesian Islamic Bonds Gain a Foothold
The recent issuance of $650 million of Indonesian government dollar-denominated retail Islamic bonds with a five year maturity and an 8.8 percent yield, backed by a 100 percent government guarantee and underlying assets, received orders totaling $4.7 billion and was massively over-subscribed.
That is despite the global economic and financial crisis and q…
Keep reading with a 7-day free trial
Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.