Indonesia’s sukuk outlook 2022
The country has already raised $3.5 billion via sovereign green sukuk in five years and the latest tranche will finance Indonesia’s fiscal deficit.
Jakarta: Indonesia will issue a sovereign green sukuk tranche in the upcoming sovereign sukuk issuance, once the government has assessed market conditions amid possible plans to raise its interest rates.
Dwi Irianti, Islamic Finance director, Ministry of Finance, told Salaam Gateway the government had not yet outlined a definitive timeline or target amount, but anticipated the global sukuk and its green trance to be in either the second or third quarter. However, the government has an A to D plan, reflecting it had issued sovereign green sukuk in a flexible timeline and are seeking the best window.
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