Indonesia kicked off its first dollar bond sale since MSCI Inc. warned it may remove local equities from global indexes. The government is marketing a three-part Islamic finance Sukuk, with three-year notes offered at around 5.7%. This move comes as the country’s $1.4 trillion economy faces scrutiny over insufficient reforms, risking a two-notch downgrade to a category including Zimbabwe.
The sovereign last sold dollar bonds in May, according to Bloomberg data. The offering signals continued investor interest despite uncertainty, as Jakarta seeks to raise capital abroad while addressing structural concerns flagged by index providers.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing