Norton Rose advises Indonesia on $1bln Sukuk issuance

Norton Rose has assists its reputation in the Islamic finance field after advising Indonesia on a $1 billion sukuk issuance, as the country attempts to raise its burgeoning currency reserves and targets the fastest economic growth since the Asian financial crisis of 1998.
The issuance, closed on Nov. 21, was build as a sukuk al ijara (sale and lease back) and has a maturity of seven years, with periodic distributions of four per cent per annum.