PEFINDO Reaffirms AAA Ratings of Indosat’s IDR 260 Billion Sukuk Ijarah, and Sustainable Bonds

Pemeringkat Efek Indonesia (Pefindo) has reaffirmed the AAA rating of Indosat’s Sustainable Sukuk Ijarah II Phase II Year 2017 Series B (Sukuk Ijarah) worth IDR 260 billion, in an official statement recently.

According to IslamicMarkets Sukuk Monitor, the Sukuk Ijarah of the Indonesian telecommunications provider has a coupon rate of 7.45% and is set to mature on the 9th of November 2020. Proceeds of the Sukuk will be used to pay annual radio frequency spectrum to the Indonesian government for the use of several radio frequencies.

Pefindo has also reaffirmed the AAA ratings of Indosat’s Sustainable Bonds II Phase II of 2017 Series B worth IDR 673 billion and Series B S...