Nasdaq Dubai has added two new Sukuk listings from the Republic of Indonesia, admitted under its USD 45 billion Trust Certificate Issuance Programme. The two tranche issuance of USD 2.2 billion reinforces Indonesia’s leadership as the largest sovereign Sukuk issuer on the exchange.
The drawdowns include a USD 1.1 billion 4.55% trust certificate due 2030, and a USD 1.1 billion 5.20% green trust certificate due 2035, reflecting Indonesia’s increasing investment in sustainable financing. The listings follow the nation’s well-established history of activity in the international Sukuk market and reflect its ongoing leadership among sovereign issuers on Nasdaq Dubai.
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Following this admission, Indonesia’s outstanding Sukuk listings on the exchange now stand at USD 24.05 billion across 21 issuances, the largest sovereign Sukuk portfolio on Nasdaq Dubai. Nasdaq Dubai’s overall Sukuk market now stands at USD 98.6 billion, comprising more than 100 listings from sovereign, supranational, and corporate issuers around the world.
HE Husin Bagis, the Republic of Indonesia’s Ambassador to the UAE rang the market-opening bell at Nasdaq Dubai on the Republic of Indonesia’s behalf to mark the listing, alongside Hamed Ali, Nasdaq Dubai and Dubai Financial Market (DFM) CEO.
HE. Husin Bagis, Indonesian Ambassador to the UAE stated: “Today’s issuance of sukuk reflects Indonesia’s robust economic fundamentals and our country’s increasing position in the international financial market. This issuance also reflects Indonesia’s unshakeable commitment to sustainable development, making sure that financing for growth is combined with our responsibility to preserve the environment for generations to come.”
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Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: “We are pleased to welcome this latest Sukuk issuance by the Republic of Indonesia to Nasdaq Dubai. These listings reflect the strength of Nasdaq Dubai’s platform as a hub for sovereign and ESG-linked issuances, and our ongoing commitment to facilitating global investor access through a transparent and efficient marketplace. ”
Total listed outstanding debt on Nasdaq Dubai now totals more than USD 139 billion, an indication of the exchange’s solid and growing attraction to sovereign, corporate, and financial institution issuers from various geographies.
