Innovations in Islamic Finance 2015: Indonesia

$1.5 billion 10-year sukuk

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Advisers:  CIMB, Emirates NBD, HSBC, Standard Chartered, Allen & Overy, Thamrin & Rachman, White & Case, AZP Legal Consultants

The Republic of Indonesia has built a reputation for innovation in its now annual sukuk outings – each time seeking to push the boundaries of its funding options. Last year was no different. Its $1.5 billion 10-year wakala sukuk in September in many ways encapsulates the direction in which sukuk could head, longer...