PT Elnusa Conducts Sustainable Public Offering of Sukuk Ijarah I Phase I of 2020

Indonesian oil and gas issuer PT Elnusa (Elnusa) is in the process of conducting its Sustainable Public Offering of its Sukuk Ijarah I Phase I of 2020 (Sukuk Ijarah). With a maximum compensation of IDR 700 billion, the initial Sukuk book-building will take place on the 7th of August 2020, with the allotment on the 10th of August 2020, and estimated listing on the Indonesia Stock Exchange on the 12th of August 2020, according to local media reports.

The offering is part of Elnusa’s Sustainable Sukuk Ijarah I with a target fund of IDR 1.5 trillion. The Sukuk Ijarah has a 5-year tenor with IDR 63 billion in instalments per year, which is equivalent to 9% per annum. The Sukuk is offered at a value of 100% of the remai...