Government of Indonesia to Issue USD 25 Billion in Sovereign Sukuk

According to information from the prospectus, the Government of Indonesia will make a global Sukuk issuance not exceeding USD 25 billion, using Ijarah and time contracts.

The issuance will be made via the Government’s special purpose vehicle, Perusahaan Penerbit SBSN Indonesia III (PPSI III). PPSI III has been established by the Government to issue Shariah-compliant securities in foreign currency denominations across international markets.

BNP Paribas, Dubai Islamic Bank, HSBC, Maybank, and Standard Chartered will serve as arrangers as well as dealers for this global Sukuk issuance. Danareksa Sekuritas and Trimegah Sekuritas will act as the local co-managers for the issuance....