Sukuk Market Summary: Indonesia issues domestic Sukuk, MENA Sukuk Indexes little changed as Gulf CDS remain at yearly lows

Indonesia returned to the market with a domestic Sukuk issuance of 935 billion rupiah ($81.18 million) according to information released by the Finance Ministry.

Middle East Bond and Sukuk indexes all edged up slightly, with the S&P MENA Sukuk Index which includes U.S. dollar-denominated investment-grade sukuk issued in the Middle East and African market ending up 0.05% at a yield of 2.65%.

Five year Credit Default Swaps (CDS) at 52 week lows for the Gulf countries, indicative of strong market sentiment to the region off the back of recent highs in regional stock markets.