Launch Partners

Monday, June 17, 2024

Launch Partners

Steel Pipe Industry of Indonesia plans IDR150 billion (US$10 million) Sukuk Ijarah offering

INDONESIA: Steel Pipe Industry of Indonesia (SPINDO) is looking to raise IDR150 billion (US$10 million) through a sustainable Sukuk Ijarah offering, which would be issued alongside a conventional bond of equal amount, according to its prospectus. 

The Sukuk offering will comprise of a one-year Series A and a three-year Series B issuance.

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