Indonesia’s Intiland Development to Offer IDR 250 Billion Sukuk Ijarah I Phase II

Indonesia-based property developer PT Intiland Development Tbk (Intiland Development) is set to issue Sustainable Sukuk Ijarah I Phase II worth IDR 250 billion (USD 16.83 million) under its IDR 750 billion (USD 50.49 million) Sukuk Ijarah programme, as per a statement made on the 19th of August 2022.

Why it Matters?

The issuance succeeds a previous offering of IDR 250 billion (USD 16.83 million) Sukuk Ijarah I Phase I made by Intiland Development in 2021. The recent offering, which has a term of 3 years, will see the use of its proceeds in the repayment of the remainder of the 2021 first phase of Sukuk Ijarah I, after the deduction of issuance costs.

Details