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Saturday, May 25, 2024

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Indonesian government raises IDR200 billion (US$13.14 million) through private placement of two Sukuk Waqf series

INDONESIA: The Indonesian government has raised IDR200 billion (US$13.14 million) through two series of Sukuk Waqf of equal amount, SW003 and SW004, by way of private placement on the 6th October 2022, according to an official statement. The non-tradeable offerings carry a yield of 5.9% and 6.65% per year respectively and will mature on the 6th October 2024 and the 6th October 2027 respectively. The yields of the Sukuk Waqf will be distributed to support the Tri Dharma activities of Institut Bogor Pertanian.

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