The Indonesian government on September 3 issued 10-year susuk (Islamic bonds) valued at 1.5 billion USD, setting a new record on Islamic bonds in Southeast Asia.

According to the Indonesian Ministry of Finance, this sukuk obtained order books of 10.2 billion USD from investors, showing their high confidence on the prospect of the largest economy in Southeast Asia.

Investors from the Middle East are the biggest customers of Indonesian Islamic bonds, making up 35 percent of the total value. They are followed by those from Asia, with 30 percent; the US, 20 percent; and Europe (15 percent).

This is the ministry’s last sukuk issuance this year, Robert Pakpahan, head of the ministry’s debt management department said, adding that Indonesia has so far this year mobilised 430 trillion rupiad bonds, up 75 percent over the initially set target./.