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Emerging Markets

Indonesia draws $5.4bn order book for record tenor sukuk

Indonesia has priced a $1bn 10-year sukuk — its longest Islamic maturity to date — with a 3.3% profit rate. The sovereign achieved a $5.4bn order book but chose not to try to increase the deal's size, despite an earlier report by Fitch speculating that it could potentially issue up to $3bn.

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