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Indonesian government lists two sukuk valued at $3.25bn on Nasdaq Dubai

Indonesian government lists two sukuk valued at $3.25bn on Nasdaq Dubai

Nasdaq Dubai has listed two sukuk tranches issued by the Government of Indonesia, with a total value of $3.25bn.

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.

Read: Indonesian government lists three sukuk valued at $3bn on Nasdaq Dubai

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.

Read: Indonesia lists three sukuk valued at $2.5bn on Nasdaq Dubai

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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.




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