Indonesia Successfully Issues Triple-Tranche Global Sukuk Worth USD 3 Billion, Including Longest Tenure Green Sukuk 

The Government of the Republic of Indonesia has returned to its annual Global Sukuk market with the successful issuance of a triple-tranche Sukuk totaling USD 3 billion on the 2nd of June 2021. The Reg S/144A issuance comprised of a USD 1.25 billion five-year tranche priced at par to give a final profit rate of 1.50%, a USD 1 billion 10-year tranche at 2.55%, as well as a Green Sukuk issuance worth USD 750 million with a 30-year tenure, priced at 3.55%. The Sukuk, structured under the Shariah principle of Wakalah, were issued under the Government’s USD 25 billion trust certificate issuance programme through the Indonesian SBSN III Issuing Company.

Why it Matters?

This is the first time that the Government of Indonesia has issued Green Sukuk wit...