Indonesia eyes first Asian sovereign green bond

The US dollar sukuk offering could include the first offshore green bond by an Asian sovereign

25/01/2018 11:38 AST

The Republic of Indonesia is considering a US dollar sukuk offering that could include the first offshore green bond from an Asian sovereign.

The joint bookrunners are Abu Dhabi Islamic Bank, CIMB, Citigroup, Dubai Islamic Bank and HSBC.

RoI is issuing the proposed 144A/Reg S offering under its US$25 billion trust certificate issuance programme. Part of the offering will be sold under the sovereign's green sukuk framework.

The sukuk maturities are expected to be of five and 10 years. Poland was the first sovereign issuer of green bonds, followed by France and Fiji. In Asia, Hong Kong also plans to issue green bonds.


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