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Indonesia celebrates listing $2bn green Sukuk on Nasdaq Dubai

Indonesia celebrates listing $2bn green Sukuk on Nasdaq Dubai
Securities of the Indonesian government now total $15 billion from 11 issuances

Dubai - Mubasher: The government of Indonesia on Sunday celebrated the listing of two green sukuk worth a combined of $2 billion on the Nasdaq Dubai Market.

The Asian country aims to use the raised capital from the sukuk in a number of projects with a focus on sustainable development, according to a press release on Sunday.

One of the sukuk issues values at $1.25 billion, while the other worth $ 750 million, the Nasdaq Dubai highlighted.

The listing celebration was attended by the Indonesian Ambassador to the UAE Husin Bagis and Consul General of the Republic of Indonesia in Dubai Ridwan Hassan.

Husin Bagis said: “Our two Sukuk were very well received by investors, reflecting the growing reach and importance of the Islamic capital markets in Muslim countries and globally.”

As we expand our support for the Sukuk sector including to fund vital sustainable development initiatives, we look forward to further strengthening our relationship with Dubai as the leading centre globally for Islamic bond listings,” Bagis added.

Furthermore, securities of the Indonesian government now total $15 billion from 11 issuances, making it the largest Sukuk issuer on Nasdaq Dubai by both value and number of listings.

It is worth noting that Indonesia’s two green sukuk were listed on Nasdaq Dubai on 20 February, 2019.