Aug 25, 2011

3 Arrangers to sell Indo sukuk bonds

Ministry of Finance has mandated three lead arrangers to arrange the issuance of US$1 billion global sukuk bonds. They are Citi, HSBC Securities, and Standard Chartered Bank.
"Of the five shortlisted arrangers, Indonesian government finally has picked three arrangers, excluding CIMB Securities and  Credit Suisse," said a source close to the deal.
Finance Minister Agus D. W. Martowardojo confirmed that the ministry has picked three arrangers to lead the global sukuk bonds. "The arrangers will represent Asia, Europe, and US," he said.

Disclosure: No position at the stock mentioned above.

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