Islamic Finance: Perusahaan Penerbit SBSN Indonesia I

Issuer: Perusahaan Penerbit SBSN Indonesia IDate of issue: Apr 16, 2009Maturity: Apr 23, 2014Size of deal: $650 millionRatings: BB (Fitch), Ba3 (Moody’s), BB- (S&P)Coupon: 8.8% (5yrs)Bookrunners: Barclays Capital, HSBC, Standard CharteredAs the most populous Muslim nation in the world, the Republic of Indonesia always seemed a natural candidate for Islamic finance. But it was only in 2009 the sovereign established itself as a prominent player. Indonesia’s inaugural global sove