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Friday, March 29, 2024

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Indonesian government floats green savings Sukuk series ST010T4

INDONESIA: The Indonesian government has opened the offering period of the retail green savings Sukuk series ST010T4 from the 12th May to the 7th June 2023 with a minimum investment amount of IDR1 million (US$67.33), according to an official statement.

ST010T4 carries a floating with floor coupon rate of 6.4% per year and a four-year tenor. Proceeds from the Sukuk issuance will be used to finance green projects in the national budget.

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