INDONESIA HIRES FOUR BANKS TO MANAGE NEXT GLOBAL SUKUK
Posted on August 21, 2015 on 16:44:48 WIB
Indonesia has mandated four banks for its next global sukuk, which is expected to be denominated in US dollars, IFR reported on Wednesday.
CIMB Group Holdings Bhd, Dubai Holdings Bhd, HSBC and JP Morgan have been hired as joint lead managers for the sukuk, said IFR in its report, adding that investor meetings will be held in London, the Middle East and Kuala Lumpur over the next two weeks.
The issuance marks the sixth global sukuk for Indonesia. It last raised $1.5 billion in September, with a 10-year sukuk that drew over $10 billion in orders.