Indonesia lists $2.5bln Sukuk on Nasdaq Dubai

Indonesia is the largest Sukuk issuer on Nasdaq Dubai


Dubai -  Nasdaq Dubai has welcomed Indonesia's listing of three Sukuk at a total value of $2.5 billion, oversubscribed 6.7 times by investors including international investors from Asian and Middle East countries.

Aiming to fund economic and social development, Indonesia has listed a 10-year issuance worth $1 billion and two issuances of $750 million each, one of a five-year maturity and the other for 30 years, according to a press release on Wednesday.

The five-year Sukuk is a green issuance for financing sustainable development projects, raising the number of Indonesia's green Sukuk listings on Nasdaq Dubai to three.

Indonesia is the largest Sukuk issuer on Nasdaq Dubai by both value and number of listings, with securities worth $17.5 billion from 14 issuances.

Commenting on the listing, the chairman of Nasdaq Dubai, Abdul Wahed Al Fahim, said: "Nasdaq Dubai is strengthening its support for the Sukuk sector through outreach initiatives in our region and internationally to issuers who can benefit from the high global profile that the exchange provides."

Meanwhile, the CEO of Nasdaq Dubai, Hamed Ali, referred: "Dubai’s longstanding capital markets partnership with Indonesia supports the economic development of both nations and the growth of the Sharia’a-compliant financial markets across the world."

Source: Mubasher

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