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INDONESIA PRESS-Garuda to issue $500 mln sharia bonds in May - Investor Daily

  • 25 March, 2015

Indonesian flag carrier PT Garuda Indonesia Tbk GIAA.JK plans to issue $500 million worth of sharia bonds in May to refinance $350 million in loans maturing in June, the Investor Daily reported, quoting its finance director I Gusti Ngurah Askhara Danadiputra.

He said the coupon for the sukuk would be offered at 200 basis points above similar bonds issued by the government, without disclosing the tenure of the bonds.

Twelve banks had committed to be joint lead managers and joint bookrunners, including National Bank of Abu Dhabi, Dubai Islamic Bank, and Deutsche Bank.

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Note: Reuters has not verified this story and does not vouch for its accuracy.


(Compiled by Jakarta Newsroom; Editing by Prateek Chatterjee) ((gayatri.suroyo@thomsonreuters.com)(+622129927609)(Reuters Messaging: gayatri.suroyo.thomsonreuters.com@reuters.net))

Keywords: INDONESIA PRESS/GARUDA INDONESIA