Indonesian government lists three sukuk valued at $3bn on Nasdaq Dubai

Indonesian government lists three sukuk valued at $3bn on Nasdaq Dubai

Nasdaq Dubai has listed three sukuk tranches issued by the Government of Indonesia, with a total value of $3bn. The three sukuk tranches, listed on June 9, 2021, comprise a $1.25bn sukuk at 1.5 per cent yield and a five-year maturity; a $1bn sukuk at 2.55 per cent yield and 10 years' maturity and a $750m green sukuk at 3.55 per cent yield and with a maturity period of 30 years. The latest issuances attracted demand from central banks, sovereign wealth funds and insurers, especially in South East Asia and the Middle East, with a combined order book exceeding $10.3bn, noted a statement by Nasdaq Dubai. The total value of value of all sukuk listed by the Government of Indonesia on Nasdaq Dubai now stands at $19.75bn. "We are pleased to welcome the new listings from the Government of Indonesia, the largest sovereign sukuk issuer on Nasdaq Dubai. This mounting presence of international issuers clearly underscores Dubai's active role in promoting Islamic economy, Sharia'a-compliant financial markets as well as supporting sustainable economic development across the world,“ said Hamed Ali, chief executive of Nasdaq Dubai and deputy CEO of DFM. Dubai's is one of the largest centres for sukuk listings globally,