Indonesia listed three sukuk issuances worth USD 2.75 bn on Nasdaq Dubai, bringing the total value of sukuk on the exchange to USD 98.9 bn, Wam reports.
The details: The issuance — which was 1.8x oversubscribed — includes a USD 1.1 bn tranche with a yield rate of 5% due in 2030, a USD 900 mn tranche with a 5.25% rate due in 2034, and a USD 750 mn one with a 5.65% rate due 2054. The issuances fall under Indonesia’s USD 45 bn trust certificate issuance program.
Nasdaq Dubai saw a lot of activity from foreign issuers in 2024: China issued USD 2 bn in bonds last month and listed them on Nasdaq Dubai and Hong Kong Exchange. Meanwhile, the Agriculture Bank of China listed USD 400 mn bonds on the exchange in September.
Indonesia ♥️Nasdaq Dubai: Indonesia listed USD 2.35 bn sukuk on the exchange earlier this year, and another USD 3.25 bn sukuk in 2022, as well as two green sukuk worth USD 2 bn in 2019.