Indonesia lists three Islamic bonds worth $3bln on Nasdaq Dubai

The new listings bring Indonesia’s total value of listed sukuk to $19.75bln

  
Nasdaq Dubai welcomes listing of three Sukuk issuances by the Government of Indonesia with a total value of $3 billion. The new listings increased the total value of all Sukuk listed by the Government of Indonesia on Nasdaq Dubai to $19.75 billion. Image courtesy Dubai Media Office Twitter handle.

Nasdaq Dubai welcomes listing of three Sukuk issuances by the Government of Indonesia with a total value of $3 billion. The new listings increased the total value of all Sukuk listed by the Government of Indonesia on Nasdaq Dubai to $19.75 billion. Image courtesy Dubai Media Office Twitter handle.

 
DUBAI: Three sukuk tranches, amounting to $3 billion, have been listed on Nasdaq Dubai by the Indonesian government.


The new listings bring Indonesia’s total value of listed sukuk to $19.75 billion, the Dubai Media Office reported.

“This mounting presence of international issuers clearly underscores Dubai’s active role in promoting Islamic economy, shariah-compliant financial markets as well as supporting sustainable economic development across the world,” Hamed Ali, CEO of Nasdaq Dubai, said.

The three sukuk tranches include one of $1.25 billion yielding 1.5 percent on a five-year maturity; a $1 billion bond with a coupon of 2.55 percent yield and 10 years maturity; and a $750 million green sukuk yielding 3.55 percent yield over 30 years.

Many central banks and sovereign wealth funds in Southeast Asia and the Middle East have expressed strong interest in the paper, with a combined order book exceeding $10.3 billion.

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