Nasdaq Dubai welcomes the listing of two sukuk issuances worth $2.2 billion from Indonesia, marking a significant step that enhances Indonesia’s position as one of the largest sovereign sukuk issuers in global markets. The issuance consists of two tranches, demonstrating Indonesia’s increasing commitment to sustainable financing and reflecting the country’s growing role in the international financial system.
Details of the New Issuance
Nasdaq Dubai has welcomed the listing of two sukuk issuances worth $2.2 billion from the Republic of Indonesia, which is part of the Indonesian sovereign sukuk issuance program totaling $45 billion. The issuance includes two tranches; the first is valued at $1.1 billion, with a profit rate of 4.55%, maturing in 2030. The second tranche, which is a green sukuk, has the same value and offers a profit rate of up to 5.20%, maturing in 2035.
Indonesia’s Commitment to Sustainable Financing
The listing of the $2.2 billion sukuk issuances signifies Indonesia’s ongoing commitment to sustainable financing, enhancing its position in the global sukuk market. With this listing, the total value of Indonesian sovereign sukuk listed on Nasdaq Dubai reaches $24.05 billion across 21 issuances, making it the largest portfolio of sovereign sukuk on exchange platforms.
Celebrating Economic Achievements
To celebrate the sukuk listing, Husin Bagis, the Indonesian Ambassador to the UAE, rang the market opening bell at Nasdaq Dubai, accompanied by Hamid Ali, the exchange’s CEO. Husin Bagis expressed the significance of this step, stating, “The issuance of the sukuk today is a clear indicator of the robust economic foundations of the Republic of Indonesia and reflects its growing role in the global financial system.”
Partnership and Investment Environment
In his remarks, Hamid Ali, CEO of Nasdaq Dubai, emphasized the importance of these listings, pointing to the “depth of partnership” between Indonesia and the exchange. The listing also reflects Nasdaq Dubai’s commitment to enabling global investors to access diverse opportunities within a financial environment characterized by transparency and efficiency.
With the total value of sukuk and bonds listed on Nasdaq Dubai exceeding $139 billion, the exchange emerges as an attractive destination for sovereign entities and companies from around the world. The listing of the $2.2 billion sukuk issuances from Indonesia is an additional step that reinforces this trend and supports sustainable growth.