Indonesia 5/10-year dollar sukuk priced at 3.7% to 4.8%

Rupiah recovers: A teller counts rupiah bank notes at a money changer in Jakarta. The rupiah is one of South-East Asian’s best-performing currencies this year. – Reuters

KUALA LUMPUR: Indonesia's benchmark-sized offering of five- and 10-year Islamic bonds will probably price around 3.7% to 4.8%, according to people familiar who asked not to be identified because the details aren’t public yet.

The South-East Asian nation issued US$2bil of dollar sukuk due in 2025 last year, its fifth offering of global syariah-compliant notes, at a coupon rate of 4.325% and received bids totalling US$6.8bil.