INDONESIA - CAPITAL MARKETS - Home / Economy / Islamic Finance / Indonesia to press ahead with issuance of sovereign sukuk Indonesia to press ahead with issuance of sovereign sukuk

Indonesia, the most populous Muslim country and potentially the largest market for Islamic finance, has received a major boost to press ahead with the issuance of its proposed benchmark global Islamic trust certificates (sukuk) which will be issued by Perusahaan Penerbit SBSN Indonesia II (PPSI II), a special purpose vehicle (SPV) on behalf of the Ministry of Finance of Indonesia. (source)

INDONESIA - RATINGS - Indonesia's Benchmark-Sized Global Sukuk Trust Certificates Rated 'BB+'

SINGAPORE (Standard & Poor's) October 12, 2011: Standard & Poor's Ratings Services today assigned its 'BB+' long-term foreign currency issue rating to the proposed issue of benchmark-sized global Sukuk trust certificates by Perusahaan Penerbit SBSN Indonesia II (PPSI-II), a fully owned special purpose vehicle of the Republic of Indonesia (BB+/Positive/B; axBBB+/axA-2).    (source)