Indonesian Government Lists Three Tranches of Sukuk on Nasdaq Dubai Worth USD 3 Billion 

Three Sukuk tranches that amount to a total of USD 3 billion have been listed on Nasdaq Dubai by the Government of Indonesia.

Why it Matters?

This listing brings the Indonesian Government’s total value of listed Sukuk to USD 19.75 billion. Chief Executive Officer of Nasdaq Dubai and Deputy Chief Executive Officer of Dubai Financial Market, Hamed Ali, said that the rising number of international issuers is a clear sign of Dubai's active involvement in promoting the Islamic economy and Shariah-compliant financial markets and of it supporting global sustainable economic development.

Details

The three Sukuk tranches are as follows: USD 1.25 billion, yielding 1.5% on a five-year maturity, a USD 1 billion bond with...