PT Pegadaian to Issue Securities Totalling IDR 3.25 Trillion, Including IDR 835 Billion Sukuk

PT Pegadaian, Indonesia’s state-owned pawning financing and service provider, will issue securities worth IDR 3.25 trillion over a public offering period between the 16th and 17th of September 2020, local media reported. The securities comprise of Sustainable Sukuk Mudharabah I Pegadaian Phase III Year 2020 (Sukuk) valued at IDR 835 billion and Sustainable Bonds IV Pegadaian Phase III Year 2020 (Bond) with a principal value of IDR 2.42 trillion.

The Sukuk is part of the Sustainable Sukuk Mudharabah I Pegadaian, with a total target of IDR 2.2 trillion, while the Bond comes under the Sustainable Bonds IV Pegadaian, with a total value of IDR 7.8 trillion. In the first two phases of these issuances, Pegadaian had iss...