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Sukuk issuance in Indonesia’s corporate sector remains a relatively quiet space, compared with the bustling government’s sovereign issuance, which is often under the spotlight. The Republic’s marketplace, however, was given a slight jolt last month when Bank Syariah Mandiri announced plans to issue Sukuk worth IDR1 trillion (US$74.4 million) later in the fourth quarter of this year, with a minimum coupon rate of 9.5%. (This article first appeared in Islamic Finance news on 8th June 2016 [Volume 13 Issue 23]).

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