Indonesia 'happy' with global sukuk pricing

JAKARTA: The Indonesian government set a 3.4 percent coupon for its $750 million global sukuk maturing in five years and a 4.55 percent coupon for a $1.75 billion global sukuk maturing in 10 years, a finance ministry official told reporters on Tuesday.

"The coupon is higher than last year because the situation is different - the Fed has raised its rates once," said Robert Pakpahan, the finance ministry's director general of financing and risk management. "But in general, we are happy with the pricing."

There were $8.6 billion of incoming bids for the two tranches of bonds, he said.