Another sukuk listing from Indonesia on Nasdaq Dubai

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.