Dubai: Nasdaq Dubai has welcomed two new Sukuk listings by the Republic of Indonesia, admitted under its $45 billion Trust Certificate Issuance Programme. The dual tranche issuance, totaling $2.2 billion, reinforces Indonesia's position as the largest sovereign Sukuk issuer on the exchange.
According to Emirates News Agency, the drawdowns comprise a $1.1 billion 4.55% trust certificate due 2030, and a $1.1 billion 5.20% green trust certificate due 2035, underscoring Indonesia's commitment to sustainable financing. These listings build upon the country's established track record in the global Sukuk market and highlight its continued leadership among sovereign issuers on Nasdaq Dubai.
Following this admission, Indonesia's outstanding Sukuk listings on the exchange now stand at $24.05 billion across 21 issuances, the largest sovereign Sukuk portfolio on Nasdaq Dubai. Nasdaq Dubai's overall Sukuk market now amounts to $98.6 billion, comprising more than 100 listings from sovereign, supranational, and corporate issuers globally.
Husin Bagis, Ambassador of the Republic of Indonesia to the UAE, celebrated the listing by ringing the market-opening bell at Nasdaq Dubai. He was joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Bagis stated that the Sukuk issuance demonstrates Indonesia's strong economic fundamentals and commitment to sustainable development.
Hamed Ali expressed pleasure in welcoming the latest Sukuk issuance by the Republic of Indonesia to Nasdaq Dubai. He emphasized that these listings reflect the strength of Nasdaq Dubai's platform as a hub for sovereign and ESG-linked issuances, facilitating global investor access through a transparent and efficient marketplace.
Total outstanding debt listings on Nasdaq Dubai now exceed $139 billion, showcasing the exchange's strong and expanding appeal to sovereign, corporate, and financial institution issuers across multiple geographies.