INDONESIA: The Indonesian government has raised US$3.25 billion through the issuance of US dollar-denominated Sukuk facilities with five-year and 10-year tenors, Reuters reported quoting the country’s finance ministry. The five-year facility has a coupon rate of 4.4% while the 10-year green facility has a coupon rate of 4.7%. The issuance received a total orderbook of US$10.8 billion.
CIMB Bank, Deutsche Bank, Dubai Islamic Bank, HSBC Bank and Standard Chartered Bank acted as the joint lead managers and joint bookrunners for the issuance while HSBC Bank and Standard Chartered Bank also acted as the joint green structuring advisors. BRI Danareksa Sekuritas and Trimegah Sekuritas Indonesia acted as the co-managers of the transaction.