The Shiro Copr , Jakarta - The Indonesian government issued global sharia bonds or sukuk Global worth US$ 2.2 billion - equivalent to Rp 35.94 trillion assuming an exchange rate of Rp 16,340 per US$. This global sukuk consists of US$ 1.1 billion with a five-year term and US$ 1.1 billion with a ten-year term.
The promissory note was issued in the format Reg S/144A Trust Certificates , which mature in 2030 and 2035. This transaction is the third issuance by the Indonesian regulator in the global financial market in 2025. The previous two transactions were issued in US dollars, Euros (EUR), and Japanese Yen (JPY).
"This also shows that the interest of investors remains high towards financial instruments issued by the Government of Indonesia in various currencies," stated the official statement from the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, Ministry of Finance ), quoted on Friday, July 18, 2025.
The government will use the funds from this global shariah sukuk issuance for green and sustainable financing, covering climate change mitigation and adaptation measures. Global sukuk with a ten-year term are green series , with basic assets green assets Indonesian Government
Referring to the statement of DJPPR Ministry of Finance, issuance green sukuk this is based on Sustainable Government Securities Framework which refers to international standards, according to Second Party Opinion by Sustainable Fitch
Since first published in 2018, the government has issued green global sukuk Totaling US$ 7.7 billion. When broken down, it was worth US$ 1.25 billion in 2018, then each of US$ 750 million in 2019, 2020, and 2021. In 2022, it was US$ 1.5 billion, followed by US$ 1 billion in 2023, US$ 600 million in 2024, and US$ 1.1 billion in 2025.
Global Sukuk will be issued through the Indonesia III State Islamic Securities Issuance Company (PPSI-III), a legal entity established specifically by the Indonesian government for issuing Sharia securities in foreign currencies in the international market. The government opened transactions during the Asia morning session, precisely on July 16, 2025.
This offer has attracted strong investor interest from the beginning, with orderbook in the first hour and orderbook "Combined, it reached the peak demand of US$ 7 billion," said the official statement from DJPPR of the Ministry of Finance.
The transaction is in line with the government's strategy to finance the 2025 State Budget (APBN). Settlement or settlement global sukuk will be conducted on July 23, 2025, and listed at Singapore Exchange Securities Trading Limited and NASDAQ Dubai. Each maturity will be rated Baa2 - mid-level investment category - by Moody's Investor Service , BBB by S& P Global Ratings Services , and BBB by Fitch Ratings .
In this regard, BofA Securities, Deutsche Bank, Dubai Islamic Bank, HSBC, and Mandiri Securities act as joint lead managers dan joint bookrunners . As for PT BRI Danareksa Securities and PT Trimegah Sekuritas Indonesia Tbk act as co-managers or co-manager .
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