Indonesia’s PNM Ventura Syariah Issues IDR 312.7 Billion Worth of Medium-Term Sukuk Mudharabah 

Indonesia’s PNM Ventura Syariah Issues IDR 312.7 Billion Worth of Medium-Term Sukuk Mudharabah 

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Indonesia-based Permodalan Nasional Madani Ventura Syariah (PNM Ventura Syariah) has announced the issuance of IDR 312.7 billion (USD 21.2 million) worth of Medium-Term Sukuk Mudharabah II Year 2022.

Why it Matters?

The Sukuk will have a tenure of three years and are to be issued with no public offering period. A floating profit-sharing rate has also been offered by PNM Ventura Syariah to be paid on a monthly basis.

Details

The appointed monitoring agent for the offering is Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (Bank BJB), formerly known as Bank Jabar Banten, and the issuance arranger is Bahana Sekuritas. Established in March 2022, PNM Ventura Syariah is a subsidiary of Permodalan Nasional Madani (PNM), w...