Moratelindo to Issue IDR 723 Billion in Sukuk Ijarah

Indonesian telecommunication services company, Mora Telematika Indonesia (Moratelindo), has announced the planned issuance of IDR 723 billion in its Sustainable Sukuk Ijarah I Phase III of 2020 (Sukuk Ijarah), which is part of the company’s IDR 3 trillion Sustainable Sukuk Ijarah I.

According to a prospectus issued on the 21st of September 2020, the Sukuk Ijarah will be offered in two series; Series A valued at IDR 208.25 billion carries a three-year tenure with instalment benefits of IDR 21.86 billion per year, whilst Series B, which matures in five years, has a total value of IDR 56.15 billion with instalment benefits of IDR 6.31 billion per year.

According to local media r...