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Jakarta Post
The Jakarta Post
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Investment grade in sight on successful global sukuk sale

  • Esther Samboh

    The Jakarta Post

Jakarta | Wed, November 16 2011 | 07:12 am

PREMIUM The government’s successful selling of US dollar-denominated Islamic bonds known as sukuk at a cheaper rate signals declining risks of investing in Indonesia.

Even more convincing, the sukuk sales came amid global financial market uncertainty, bringing the country closer to an investment grade rating.

The selling of the nation’s second-ever sharia-compliant global sukuk was over...