Nasdaq Dubai has listed two sukuk tranches issued by the Government of Indonesia, with a total value of $3.25bn.
— Dubai Media Office (@DXBMediaOffice) June 6, 2022
The two tranches comprise $1.75bn five-year Trust Certificates with a 4.4 per cent yield and $1.5bn 10-year Trust Certificates with a 4.7 per cent yield, official news agency WAM reported.
The new listings increased the total value of sukuk listed by the Government of Indonesia on Nasdaq Dubai to $22bn, making the government one of the largest sukuk issuers on the exchange.
Last year, Nasdaq Dubai had listed three sukuk tranches issued by the Indonesian government, with a total value of $3bn.
In July of 2020, Indonesia had also listed three sukuk valued at $2.5bn on Nasdaq Dubai to help fund the Asian country’s economic and social development.
The listings further strengthened Dubai’s position as one of the largest centres for sukuk listings globally, with a total listed value of $80.9bn.
In 2021, the new listed bonds on Nasdaq Dubai totalled $11.2bn, while new sukuk listings stood at $11.9bn.
Debt listings on Nasdaq Dubai set a new record during 2021 by listing the highest total value in one year, worth $23.1 billion debt listings. Total new listed bonds was valued at $11.2 billion, and total new listed Sukuk was valued at $11.9 billion, compared to the year 2020. pic.twitter.com/WJRaXmwB46
— Nasdaq Dubai (@NasdaqDubai) January 13, 2022