Indonesia Corporate Sukuk Issuances Reached IDR3.07Trn

Newly issued Indonesia sukuk worth IDR1.5trn by XL axiata Tbk (EXCL:IJ) brought total ytd sukuk issuance to IDR3.07trn, the highest sukuk issuance since the last 10 year. There were 5 sukuk issuers this year where the largest issues released by XL Axiata whereas the sukuk split into 4 series:1y,3y,5y, and 7y. In telecommunication industry, Indosat Tbk (ISAT:IJ) has previously issued sukuk amounted to IDR416bn which split into 5 series. Next week, Indosat will sell another sukuk worth IDR106bn bringing this year’s sukuk issuance to IDR3.17trn.

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