Pegadaian to Issue Securities Worth IDR 4.04 Trillion, Including IDR 765 Billion Sukuk Mudharabah

PT Pegadaian, Indonesia’s state-owned pawning financing and service provider, has announced plans to issue securities worth IDR 4.04 trillion in the near future, local media reported. The securities comprise of Sustainable Sukuk Mudharabah I Phase IV (Sukuk) valued at IDR 765 billion and Continuous Bond IV Pegadaian Phase IV (Bonds) with a principal value of IDR 3.28 trillion.

Why it matters?

The Sukuk is part of Pegadaian’s Sustainable Sukuk Mudharabah I with a total value of IDR 2.2 trillion. Pegadaian has already issued Stage I to Stage III of the Sukuk in 2020 with a total value amounting to IDR 1.43 trillion. Proceeds of the issuance will be used to support Pegadaian’s expansion.

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