IslamicFinance.de

Indonesia sold $1 billion of sukuk at half the rate of its 2009 debut and more than two percentage points lower than a sale by Italy, sustaining the Asian nation’s claim for an investment-grade rating.
The 2018 dollar securities were sold at 4 %, data compiled by Bloomberg show. The nation launched $650 million worth of five-year sukuk in April 2009 at 8.8 %.
Indonesia’s currency reserves have more than doubled since 2009, while President Susilo Bambang Yudhoyono is aiming economic growth of 6.5 % this year, the fastest since the Asian financial crisis in 1998.