Exclusive: Indonesia appoints Citi, Deutsche Bank, Stanchart for US$1.5 bln Islamic bond | Sector data
(Insider Stories) - The Indonesian government has appointed Citigroup, Deutsche Bank and Standard Chartered as joint lead arrangers for Islamic bond issuances. Indonesia plans to issue up to US$1.5 billion worth of sukuk in September or October to finance the 2013 revised budget deficit target.
Acting director general of the Finance Ministry’s debt management office (DMO) Robert Pakpahan said at end-August the government will meet investors in Singapore, Hong Kong, London and New York. The government plans IDR241.32 trillion net bond issuance this year to finance budget deficit.
Besides Islamic bonds, the government also plans to sell up to US$1.5 billionGlobal Medium Term Notes in Q4.
In April the finance ministry sold $1.5 billion each of 10-year and 30-year global dollar bond tranches at a debt auction. The 10-year bond yielded 3.500% while the 30-year yield was 4.750%, acording to said Robert Pakpahan, the head ofthe DMO.
