Indonesia mandates sukuk


DUBAI: Indonesia has mandated HSBC, Standard Chartered and CIMB Group Holdings Bhd to arrange a sovereign sukuk issue of up to US$1.5bil, sources aware of the matter told Reuters.

The head of the Indonesian finance ministry’s debt management office, Robert Pakpahan, confirmed that the government had appointed the three banks as underwriters.

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Business , Business , Indonesia , sukuk , CIMB

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