Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
Republic of Indonesia Global Sukuk US$3.25bn
Summary of Terms & Conditions
Issuer
Issue Format
Country of Transaction
Republic of Indonesia through Perusahaan Penerbit SBSN Indonesia III
144A/Reg S, Senior, Unsecured, Wakala US$ Trust Certificate ("Sukuk") issued under a USD$35 billion
Trust Certificate Issuance Programme
Baa2 stable (Moody's) / BBB stable (S&P)/ BBB stable (Fitch)
Indonesia
Issuer Ratings (M/S/F)
Issue Ratings (M/S/F)
Pricing Date
Settlement Date
Tenor
Baa2 (Moody's)/BBB (S&P) BBB (Fitch)
24 May 2022
06 June 2022 (T+8)
5Y Sukuk
Orderbook Distribution
5-Year USD
US$ 5.7bn+
From 241 accounts
Investors by Geography
10Y Green Sukuk
6-Jun-32
17%
18%
35%
20%
10-Year USD
US$ 5.1bn+
From 225 accounts
Maturity Date
Tranche Size
Profit Rate
Re-Offer Price
Reoffer Spread
6-Jun-27
USD1.75 billion
4.40% Fixed, Semiannual, 30/360
100.00%
UST + 164.4bps
US71567PAU49
USD1.50 billion
4.70% Fixed, Semi-annual,30/360
100.00%
General financing requirements
144A ISIN
Reg S ISIN
US71567RAU05
Use of Proceeds
Other Details
SGX-ST and Nasdaq Dubai
Listing
Joint Bookrunners
Co-Managers
Achievement
USD200k/1k denoms., English / Indonesian Law
15%
30%
UST + 193.3bps
27%
US71567PAV22
Asia Middle East Europe United States
US71567RAV87
In line with ROI's SDGs Government Securities Framework
Investors by Type
8% 1%
1%
13%
30%
CIMB, Deutsche Bank (B&D), Dubai Islamic Bank, HSBC, and Standard Chartered Bank
PT BRI Danareksa Sekuritas and PT Trimegah Sekuritas Indonesia Tbk
The largest ever Global USD Sukuk transaction from the Republic
The largest Green Sukuk tranche ever printed by the Republic
The largest issuance from Indonesia year to date
The first Green Sukuk tranche in 10 year maturity by the Republic
Transaction Highlights
The final order size amounted to US$10.8 bn combined, or an oversubscription
41%
20%
49%
Banks CBs/Ols Fund Managers Ins/Pension PBS/Others
The green tranche was issued under the 10 year tenor, which is also the largest green want ever Issutu by the Republic.
This aptly demonstrates the Republic's dedication and commitment to Green and sustainable finance, as well as diversifying
financing methods in the effort against climate change.
Source: Ministry of Finance
38%
30%
7%
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