By Frances Yoon
HONG KONG, May 21 (IFR) - The Republic of Indonesia is marketing a 10-year US dollar sukuk to yield around 4.55%.
Indonesia, Asia's most active sovereign borrower in the US dollar market, is indicating a benchmark size for the deal, typically at least $500 million.
The issuance marks the sixth global sukuk for Indonesia. It last raised $1.5 billion in September, with a 10-year sukuk that drew over $10 billion in orders.
The Islamic bonds will be available to global investors under 144A and Reg S documentation.
Indonesia is rated Baa3/BB+/BBB- by Moody's, Standard & Poor's and Fitch.
CIMB, Dubai Islamic Bank, HSBC and JP Morgan are joint lead managers.
(Reporting By Frances Yoon. Editing By Steve Garton)
