Perusahaan Listrik Negara Issues Securities Worth IDR 1.877 Trillion, Including IDR 376.5 Billion Sukuk Ijara

Perusahaan Listrik Negara (PLN), Indonesia’s state-owned power producer, has issued securities worth IDR 1.877 trillion (USD 127.62 million). The issuance comprises of Sustainable Sukuk Ijarah IV PLN Phase I 2020 (Sukuk Ijarah) valued at IDR 376.5 billion, and PLN Continuous Bonds IV Phase I 2020 (Bond), with a principal amount of IDR 1.5 trillion. The issuances are part of PLN’s Sustainable Sukuk Ijarah targeting IDR 6 trillion and Continuous Bonds with a target fund of IDR 24 trillion, according to local media reports.

The IDR 376.5 billion Sukuk Ijarah will be split into five series: Series A is valued at IDR 39 billion, with a 5-year tenure, with a return of IDR 2.61 billion per year; Series B which is v...