Investor Presentaiton
Republic of Indonesia - USD0.75bn Green Sukuk Global
& USD1.75bn Sukuk Global Bonds Issuance
Investors by Geography
Issuer
Issuer Rating
12%
11%
5-year 40%
USD
Format
8%
18%
32%
34%
12% 10-year
USD
33% 30-year 44%
USD
5%
31%
10%5%
Pricing Date
Settlement Date
Aggregate Size
■Asia (ex-Indonesia) Indonesia ME/Islamic ■Europe US
Investors by Type
10-year
USD 54%
Maturity
Green Investors
Non-Green Investors
15%
Tranche Size
Coupon
34%
5-year
USD 54%
5-year
USD
Reoffer Spread
27%
66%
Others Details
15%
30-year
USD
Listing
73%
Transaction Highlights
Banks
Republic of Indonesia
Baa2 Moody's (Stabil)
BBB S&P (Negative)
BBB Fitch (Stabil)
144A Reg S, Senior, Unsecure, Wakala US$ Trust Certificate ("Sukuk")
issued under a USD$2.5 billion Trust Certificated Issuance Programme
5Y Green Sukuk
June 23, 2025
USD0,75bn
2.3% Fiixed
UST +195.3bps
June 16, 2020
June 23, 2020
USD2,5bn
10Y Sukuk USD
June 23, 2030
USD1bn
2.8% Fixed
UST +204.7bps
30Y Sukuk USD
June 23, 2050
USD0,75bn
3.8% Fixed
UST +227.7bps
USD 200k/ik denoms, English/Indonesia Law
Singapore Stock Exchange and NASDAQ Dubai (dual listing)
Asset Managers
Central Banks/SWFS
Private Banks/Others
■Insurance / Pension
□ Second ROI transaction priced since COVID-19 pandemic
The transaction is the lowest ever 5-year and 10-year yield achieved by the Government across
both conventional and Sukuk issuances in the US$ market.
The transaction is the first ever 30 year Sukuk issuance by the Government with the lowest
coupon ever of Global Sukuk issuance in the world and the largest ever 30 year Sukuk from Asia.
The transaction has oversubscription of 6.7 times. With the size of orderbook, Government can
press the pricing down by 70 bps from the initial price guidance (IPG) and well below its indicative
fair value.
Source: Ministry of Finance
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