Maybank's Indonesian unit to sell US$152.7mil in bonds, sukuk

KUALA LUMPUR: PT Bank Internasional Indonesia (BII), a unit of Malaysia's Maybank, said on Friday that it will sell 1.8 trillion rupiah ($152.67mil) of bonds and sukuk on June 19 to fund domestic loans.

BII will sell 300 billion rupiah of three-year sukuk mudharaba and 1.5 trillion rupiah of seven-year bonds as part of a plan to raise 4 trillion rupiah in the next few years, it told the local stock exchange.