Issuer: Perusahaan Penerbit SBSN Indonesia III
Obligor: Republic of Indonesia
Size: $2 billion total
Structure: Wakala
Tenor: Five years, 10 years
Banks: CIMB, Citi, Dubai Islamic Bank, Mandiri Sekurities, Standard Chartered (lead managers, bookrunners)
Date: November 2023
There are some emerging-market sovereign issuers that are on investors’ priority buy lists each year for the regularity and quality of their issuance across bond and sukuk format.
The Republic of Indonesia, one of the most prolific issuers of sukuk globally, is one of those marquee sovereigns that investors look for and almost always show strong interest in when they come to market each year.
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