Indonesia hires managers for global sukuk launch

  • Business
  • Thursday, 07 May 2015

JAKARTA: Indonesia has mandated four banks for its next global sukuk, which is expected to be denominated in US dollars, IFR reported.

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.

It added that investor meetings would 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 US$1.5bil in September, with a 10-year sukuk that drew over US$10bil in orders. — Reuters

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