KONTAN.CO.ID - JAKARTA. The government has tapped into the global sukuk (Islamic bonds) market, recently issuing bonds worth US$ 750 billion with a five-and-a-half-year maturity period and a 10-year tenor of $1.52 billion, both of which were oversubscribed. The sukuk will be registered in the Singapore Stock Exchange and NASDAQ Dubai in the United Arab Emirates, with a settlement period set at Feb. 20, the Finance Ministry’s directorate general of financing and risk management announced in a statement issued recently. The yield of the five-and-a-half-year sukuk was penciled at 3.9 percent, while that of the 10-year sukuk was recorded at 4.45 percent, which was 25 to 30 basis points (bps) lower than its initial pricing guidance. The issuance was oversubscribed 3.8 times, reflecting a relatively high international investor demand for the instruments, the statement read.
Indonesia issues US$ 2.27b global green sukuk
KONTAN.CO.ID - JAKARTA. The government has tapped into the global sukuk (Islamic bonds) market, recently issuing bonds worth US$ 750 billion with a five-and-a-half-year maturity period and a 10-year tenor of $1.52 billion, both of which were oversubscribed. The sukuk will be registered in the Singapore Stock Exchange and NASDAQ Dubai in the United Arab Emirates, with a settlement period set at Feb. 20, the Finance Ministry’s directorate general of financing and risk management announced in a statement issued recently. The yield of the five-and-a-half-year sukuk was penciled at 3.9 percent, while that of the 10-year sukuk was recorded at 4.45 percent, which was 25 to 30 basis points (bps) lower than its initial pricing guidance. The issuance was oversubscribed 3.8 times, reflecting a relatively high international investor demand for the instruments, the statement read.