Permodalan Nasional Madani Issues IDR 712 Billion Sukuk Mudharabah to Finance Business Expansion

Indonesian-based financial services provider Permodalan Nasional Madani (PNM) has issued debt securities worth IDR 712 billion under its Sukuk Mudharabah IV Year 2020 Series A (Sukuk).

According to an announcement released from the Indonesian Central Securities Depository (KSEI) on the 18th of January 2021, the Sukuk has a tenure of three years and is offered with a trading unit of IDR 20 billion. It has been registered with a floating annual profit sharing with a quarterly frequency of payment and will be issued without a public offering.

PNM commenced distributing the Sukuk electronically on the 19th of January 2021, with the payment date of the first profit-sharing scheduled for the 19th of April 2021, and the maturity date set for the 19th of January 2024, according...