Indonesia’s Retail Green Sukuk ST008 Receives High Demand; Reaches USD 350.5 Million Target

The Government of Indonesia’s Retail Green Sukuk – Savings Sukuk ST008 series, which was offered from the 1st – 17th of November 2021, has received high investor interest, enabling the series to achieve its target of IDR 5 trillion (USD 350.5 million) before the offer period officially closed. According to a statement issued by the Directorate General of Financing and Risk Management, Ministry of Finance, despite being in the midst of a pandemic, a total of 14,337 investors purchased orders, with high demand from domestic retail investors seen in the first two days of the offer period.

Why it Matters?

ST008 is part of the Government’s contribution to develop the Islamic financial market, while concurrently helping to overcome...