Nasdaq Dubai welcomes listing of two Sukuk issuances by Government of Indonesia with total value of $3.25 billion

Nasdaq Dubai welcomes listing of two Sukuk issuances by Government of Indonesia with total value of $3.25 billion

WAM: Nasdaq Dubai welcomed the listing of two Sukuk tranches issued by the Government of Indonesia, with a total value of $3.25 billion.

The two tranches comprise $1.75 billion five-year Trust Certificates with a 4.40 percent yield and $1.5 billion 10-year Trust Certificates with a 4.70 percent yield.

The Government of Indonesia is one of the largest Sukuk issuers on Nasdaq Dubai, with the new listings increasing the total value of Sukuk listed by the Government on Nasdaq Dubai to $22 billion.

The listings further strengthened Dubai’s position as one of the largest centers for Sukuk listings globally, with a total listed value of $ 80.9 billion.