Indonesia Sells $1 Billion Seven-Year Islamic Bonds to Yield 4 Percent
Indonesia sold $1 billion of Islamic bonds at half the rate of its 2009 debut and more than two percentage points lower than a sale by Italy, supporting the Asian nation’s claim for an investment-grade rating. The 2018 dollar securities were sold at 4 percent, data compiled by Bloomberg show. The nation issued $650 million… [Read more…]
November 15, 2011
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