Indonesia Sukuk Yields Drop From 2-Month High: Islamic Finance
This article is for subscribers only.
Prospects Indonesia will get a credit-rating upgrade from Moody’s Investors Services are pulling down yields on government Islamic notes from a two-month high and improving the outlook for a second global sukuk.
The yield on the Southeast Asian nation’s five-year sukuk has dropped to 2.85 percent from 3.14 percent on Nov. 16, according to prices from the Royal Bank of Scotland Group, as Moody’s said this week it may raise Indonesia’s Ba2 rating on growth and improving debt levels. The government sold the notes in April last year at a yield of 8.8 percent.