|20 February, 2019

Nasdaq Dubai lists Indonesia sukuks valued $2bln

Capital raised by Sukuk intended for projects including sustainable development initiatives.

Nasdaq Dubai welcomed the listing today (February 20) of two Sukuks by the government of Indonesia, one valued at $1.25 billion and the other at $750 million.

Capital raised by the Sukuk is intended for projects including sustainable development initiatives.

The Indonesian government is the largest Sukuk issuer on Nasdaq Dubai by both value and number of listings, with securities now totalling $16.5 billion from 12 issuances.

The total value of all Sukuk listed on Dubai’s exchanges has now reached $63.14 billion, the largest amount of any listing centre in the world.

The arrangers and dealers for Indonesia’s latest two Sukuk were Deutsche Bank, Dubai Islamic Bank, HSBC, Mandiri Securities and Maybank. The legal advisers to the issuer for the transaction were Clifford Chance and AZP Legal Consultants. The legal advisers to the arrangers and dealers were White & Case and Assegaf Hamzah& Partners.

Copyright 2019 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Markets