Sarana Multigriya Finansial to Raise IDR 2.46 Trillion via Sukuk and Conventional Securities

Sarana Multigriya Finansial (SMF), a diversified entity owned by the Government of Indonesia, is planning to raise IDR 2.46 trillion from the capital market through the issuance of conventional sustainable securities worth IDR 2.11 trillion and sustainable Sukuk Mudharabah worth IDR 346 billion.

According to local media reports, the Sukuk Murabahah will be the phase II of SMF’s Sukuk Mudharabah I, with a target fund of IDR 2 trillion. The Sukuk will offer a profit of 6.75% and will have a tenure of 370 days, maturing on the 24th of July 2021.

The funds raised through the issuance of conventional securities as well as Sukuk will be utilized towards replacing a portion of the equ...