Indonesia’s CIMB Niaga to Issue IDR 1 trillion Sukuk Mudarabah

PT Bank CIMB Niaga (CIMB) will issue an IDR 1 trillion Shelf Registration Sukuk Mudarabah 1 Phase III/2020, between the 19th to 23rd March 2020.

The planned Sukuk carries the highest idAAA(sy) rating, assigned by PT Pefindo, Indonesia’s first and oldest local rating agency.

The Sukuk will be offered in three series (A, B, and C) to investors. Series A has a total value of IDR 322 billion and a holder ratio of 14.50% and Series B has a total value worth IDR 287 billion with a holder ratio of 17.50%. Series C rounds up the issue with a value of IDR 391 billion with a holder ratio of 18.13%

PT Bahana Sekuritas, PT CIMB Niaga Sekuritas, and PT...