Bank Indonesia Policy Mix

Republic of Indonesia - Global Sukuk USD3bn Investor Breakdown by Investor Type 5-Year USD 10-Year USD 30-Year USD 7% 12% Issuer Issue Format Issuer Rating Pricing Date Republic of Indonesia 144A/Reg S, Senior, Unsecured, Wakala US$ Trust Certificate ("Sukuk") issued under a USD$25billion Trust Certificate Issuance Program Baa2 Moody's (Stable) / BBB S&P (Neg) / BBB Fitch (Stable) 02 June 2021 10% Issue Date 09 June 2021 (T+5) Tenor Maturity Trance Size Profit Rate 9-Jun-26 USD1.25B 1.5% fixed, 5-year Sukuk 10-year Sukuk 9-Jun-31 USD1.00B 30-year Green Sukuk 9-Jun-51 33% 16% USD750M semiannual, 30/360 2.55% fixed, semiannual, 30./360 3.55% fixed, semiannual, 30/360 5-Year USD Re-Offer Price 100.00% 100.00% 100.00% 2% Re-Offer Spread UST +70.4bps UST +95.7bps UST +125.5bps Listing SGX-ST and Nasdaq Dubai 41% Joint Bookrunners Co-Managers 18% 29% 6% 27% 35% " ■ ME/Islamic ■ Europe ■ US ■ Asia (ex-Indonesia) Indonesia Investor Breakdown by Geography 10-Year USD 256 23% 30-Year USD 1% 19% 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. 63% 80

View entire presentation