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Home Banking Islamic

Indonesia Witnesses Big USD 3.25 Billion Sukuk Sale

Indonesia’s Sukuk issuance was the most colossal international Sukuk transaction in its history

Sakshi K S by Sakshi K S
May 25, 2022
in Islamic, Central, The Global Economics, Top Stories
Reading Time: 1 min read
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Indonesia Witnesses Big USD 3.25 Billion Sukuk Sale

Indonesia Witnesses Big USD 3.25 Billion Sukuk Sale

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Indonesia has accumulated USD 3.25 billion by selling the American Dollar-designated Islamic bonds for 5-year and decade-long periods. On May 25th (Wednesday), the finance ministry stated that this stunt was the nation’s most colossal international Sukuk issuance.

Indonesia’s Sukuk Sale Stunt

The 5-year notes bring a coupon of 4.40%, whilst the 10-year notes possess a coupon of 4.70%. In a statement, the finance ministry said that these values were beneath Indonesia’s preliminary price guidance.

Comprehensive order books accomplished USD 10.8 billion.

The Finance Ministry further elucidated that the Sukuk issuance was the most colossal international Sukuk transaction by the Government of Indonesia in its history. In addition, the ministry stated that this Sukuk issuance was an achievement accomplished amidst prevailing market volatility.

Indonesia generally strikes at the global Sukuk market once in every annum.

In 2021, the country sold USD 3 billion worth of Islamic bonds. However, these bonds possessed many trivial coupons compared to the notes with analogous maturities presented on the latest sale.

The 10-year and 5-year bonds in 2021 possessed 2.55% and 1.5% coupon levels, respectively.

A majority of this new-fangled sukuk issuance purchasers hailed from the Middle East and Asia.

Deutsche Bank, CIMB, Dubai Islamic Bank, HSBC, and Standard Chartered Bank were the combined lead manager and book-runner for the deal.

Standard Chartered Bank and HSBC were also the combined green structuring advisors. The country’s BRI Danareksa Sekuritas dan Trimegah Sekuritas Indonesia facilitated the transaction as co-managers.

Via: Short URL
Tags: Bank IndonesiaGovernment of IndonesiaIndonesiaIslamic BondsSukuk issuanceSukuk Sale
Sakshi K S

Sakshi K S

Sakshi is a professional content writer engaging readers with gripping business news stories.

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