Indonesia issues $2.5 bln global sukuk including $750 mln green tranche
JAKARTA – The government of Indonesia issued $2.5 billion in wakalah global sukuk in three tranches on Wednesday (June 17), one of which was a green sukuk.
The 5-year paper of $750 million was sold as a green sukuk, while the other two tranches consisted of a 10-year tenor of $1 billion, and a 30-year maturity of $750 million.
The sale was welcomed by investors with an order book that reached $16.66 billion, nearly 6.7 times the target amount, Dwi Irianti, Indonesia's director of Islamic finance at the ministry of finance told Salaam Gateway. The oversubscription allowed the government to reduce prices up to 70 bps from the initial bid price (initial price guidance) and below the indicative fair value.
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