RoI eyes July sukuk
The Republic of Indonesia is likely to launch its global sukuk in July, a slight delay from an earlier target schedule. Its sukuk issue has been pushed back mainly because the government is planning to sell a JBIC-guaranteed Samurai issue of US$750m-US$1bn in May or June. No size has been finalised yet on the sukuk, as that will depend on how much the Samurai can bring in. The RoI could begin the beauty contest for lead managers in the global sukuk as early as next month.
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