Investor Presentaiton
Republic of Indonesia - Global Sukuk USD3bn
Issuer
Issue Format
Republic of Indonesia
144A/Reg S, Senior, Unsecured, Wakala US$ Trust Certificate ("Sukuk")
issued under a USD$25billion Trust Certificate Issuance Program
Investor Breakdown by Investor Type
5-Year USD
10-Year USD
30-Year USD
7%
12%
10%
Issuer Rating
Pricing Date
Baa2 Moody's (Stable) / BBB S&P (Neg) / BBB Fitch (Stable)
27%
35%
02 June 2021
18%
Issue Date
Tenor
09 June 2021 (T+5)
5-year Sukuk
10-year Sukuk
Maturity
Trance Size
Profit Rate
9-Jun-26
USD1.25B
1.5% fixed,
9-Jun-31
30-year Green Sukuk
9-Jun-51
33%
6%
16%
29%
USD1.00B
USD750M
■ Asia (ex-Indonesia) Indonesia
"
■ ME/Islamic ■ Europe
■ US
2.55% fixed,
3.55% fixed, semiannual,
semiannual, 30/360
semiannual, 30./360
30/360
Investor Breakdown by Geography
Re-Offer Price
100.00%
100.00%
100.00%
Re-Offer Spread
UST +70.4bps
UST +95.7bps
UST +125.5bps
5-Year USD
10-Year USD
2%
256
23%
30-Year USD
1%
19%
Listing
SGX-ST and Nasdaq Dubai
41%
Joint Bookrunners
Co-Managers
34%
6%
8%
Transaction Highlights
.
CIMB, Citigroup, Dubai Islamic Bank, HSBC, SCB (B&D)
PT BRI Dana Sekuritas, PT Trimegah Sekuritas Indonesia Tbk
Republic of Indonesia marked their annual return to the Sukuk market with the issuance
of Global Sukuk which was very well received by investors by generating a total order
book in excess of USD 10.3 billion reflecting an oversubscription of more than 3.43x.
• The transaction was carried out in line with the 2021 financing strategy, including
accommodating the needs of the state budget in handling the impact of the Covid 19
pandemic.
The USD 3 billion issuance also included a Green Tranche. The Green tranche was issued
under the 30 year tenor for the first time, which is also the first in the world, after
consistently issuing Green Sukuk with a 5 year tenor every year since its debut in 2018.
This aptly demonstrates the Republic's dedication and long term commitment to Green
and sustainable finance, as well as pioneering financing methods in the fight against
climate change.
Source: Ministry of Finance
40%
12%
5%
30%
4%
10%
12%
- Fund Managers
- CBS/SWFs
- Ins/Pension = Banks
■ PB & Others
Achievement
■ Lowest ever 5, 10 and 30 year yield,
spread over UST and profit rate achieved
by the Republic of Indonesia for global
Sukuk issuance,
First ever 30 year Green Sukuk issuance in
the world,
■Robust investor orderbook allowed pricing
below fair value across all tranches.
Challenges
Global
•
financial
market conditions are
very volatile and still
affected by the Covid
19 pandemic
• Performed under WFH
conditions
.
No roadshow.
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