Eximbank Indonesia to Issue IDR 148 Billion Securities, Including IDR 100 Billion Sukuk Mudarabah

Eximbank Indonesia (Eximbank) is planning to raise finances by issuing securities totalling IDR 148 billion, which will consist of Sukuk Mudarabah with a total value of IDR 100 billion and the remainder being conventional securities. According to Eximbank, the issuance of securities will form part of a continuous public offering (PUB) with an overall funding target of IDR 22 trillion.

The plan to issue Sukuk Mudarabah is a part of PUB II Sukuk Mudarabah with a target fund of IDR 2 trillion, under which IDR 100 billion with a tenure of 370 days will be issued in 2020, as the first phase of the PUB II Sukuk Mudarabah. The Sukuk Mudarabah will offer a profit of 6.75% per year, with the first coupon due on the 8th of October...