White & Case, Clifford Chance on Indonesia $2B Sukuk
The issuance is the Southeast Asian country's largest ever single tranche of dollar-denominated Islamic bonds.
June 08, 2015 at 01:42 AM
1 minute read
White & Case and Clifford Chance had the lead roles on a $2 billion Islamic bond issue, or sukuk, by the government of Indonesia.
The 10-year notes, which carried a 4.325 percent yield, were 3.4 times oversubscribed. The deal represents Indonesia's largest ever single tranche of dollar-denominated sukuk.
White & Case Abu Dhabi partner Shibeer Ahmed and Singapore partner Kaya Proudian led the team representing the Indonesian government. Indonesia's Thamrin & Rachman Law Firm served as domestic counsel.
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