By Frances Yoon
HONG KONG, May 21 (IFR) - The Republic of Indonesia ismarketing a 10-year US dollar sukuk to yield around 4.55%.
Indonesia, Asia's most active sovereign borrower in the USdollar market, is indicating a benchmark size for the deal,typically at least $500 million.
The issuance marks the sixth global sukuk for Indonesia. Itlast raised $1.5 billion in September, with a 10-year sukuk thatdrew over $10 billion in orders.
The Islamic bonds will be available to global investorsunder 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)