Home UAE Dubai Indonesian government lists three sukuk valued at $3bn on Nasdaq Dubai The total value of all sukuk listed by the Indonesian government on the exchange now stands at $19.75bn by Varun Godinho June 17, 2021 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 a 10-year 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 all sukuk listed by the Government of Indonesia on Nasdaq Dubai now stands at $19.75bn. The issuances have attracted strong demand from central banks, sovereign wealth funds and insurers, especially in South East Asia and the Middle East, with a combined order book exceeding US$ 10.3 billion. — Nasdaq Dubai (@NasdaqDubai) June 16, 2021 “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, Shari’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 is one of the largest centres for sukuk listings globally, with a total listed value of $76bn. Last July, Indonesia listed three sukuk valued at $2.5bn on Nasdaq Dubai to help fund the Asian country’s economic and social development. It said at the time that it intended to use the capital raised by the sukuk for a variety of projects with an emphasis on sustainable development. Read: Indonesia lists three sukuk valued at $2.5bn on Nasdaq Dubai Tags Dubai Economy finance Government of Indonesia Nasdaq Dubai News Sukuk 0 Comments You might also like Global outstanding sukuk market hits $823bn in Q3 2023 RTA to construct 762 bus shelters in key Dubai areas by 2025 Dubai approves Dhs152m bonus for government employees Key trade deal brings UAE, Mauritius closer together