IFLR1000

Republic of Indonesia $1.25 billion green sukuk issue

22/2/2018
Sukuk
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$ 1.25 billion

Completed

22/2/2018

Overview:

  • Republic of Indonesia has issued a $1.25 billion green sukuk.
  • Abu Dhabi Islamic Bank, Citigroup, CIMB, Dubai Islamic Bank and HSBC have acted as joint bookrunners and lead managers.
  • The sukuk is due 2023 and is the first issue under the country's new green bond and green sukuk framework. 
  • Proceeds will be used for investments in renewable energy and other environmental programmes.

Katrin Kostadinova - Data analyst 

Jurisdiction:

Indonesia

Deal type:

Sukuk

Practice areas:

Capital markets : Debt
Islamic finance

Governing law:

Indonesia

Industry sector:

Government and public policy

Firms:
Clifford Chance

Party: Republic of Indonesia (Issuer)

Lawyers: Johannes Juette, Qudeer Latif

Norton Rose Fulbright

Party: Abu Dhabi Islamic Bank (Joint lead manager, Joint bookrunner)

Party: Citigroup (Joint lead manager, Joint bookrunner)

Party: CIMB Bank (Joint lead manager, Joint bookrunner)

Party: Dubai Islamic Bank (Joint lead manager, Joint bookrunner)

Party: HSBC (Joint lead manager, Joint bookrunner)

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