The Republic of Indonesia listed two new sukuk worth a combined USD 2.2 bn on Nasdaq Dubai, under its USD 45 bn Trust Certificate Issuance Program, according to a Dubai Media Office statement. The sukuk include a USD 1.1 bn trust certificate with a 4.55% yield due in 2030, and a USD 1.1 bn green sukuk due 2035 with a yield rate of 5.20%.

Indonesia’s tally: The latest listings bring Indonesia’s outstanding sukuk on Nasdaq Dubai to USD 24.1 bn across 21 issuances — the largest sovereign sukuk portfolio on the exchange.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

REMEMBER- In December 2024, Indonesia listed USD 2.8 bn of sukuk on Nasdaq Dubai across three tranches due 2030, 2034, and 2054. The sovereign had also listed USD 2.4 bn on the exchange earlier in the year.

Bigger picture: Nasdaq Dubai’s total sukuk market now stands at USD 98.6 bn across more than 100 listings from sovereign, supranational, and corporate issuers. Including conventional bonds, total outstanding debt on the exchange has reached USD 139 bn.

Tags: