Nasdaq Dubai Welcomes Indonesia's Two Sukuk Listings Totalling US$2.2 Billion Under Trust Certificate Programme

Nasdaq Dubai has recently added two Sukuk listings from Indonesia, part of its US$45 billion Trust Certificate Issuance Programme. This dual issuance, amounting to US$2.2 billion, strengthens Indonesia’s status as the leading sovereign Sukuk issuer on this exchange. The listings include a US$1.1 billion 4.55% trust certificate due in 2030 and a US$1.1 billion 5.20% green trust certificate due in 2035.

These new Sukuk listings highlight Indonesia's dedication to sustainable financing, building on its established presence in the global Sukuk market. The country continues to lead among sovereign issuers on Nasdaq Dubai, with outstanding Sukuk listings now totalling US$24.05 billion across 21 issuances. This represents the largest sovereign Sukuk portfolio on the exchange.

The overall Sukuk market at Nasdaq Dubai has reached US$98.6 billion, featuring over 100 listings from various sovereign, supranational, and corporate issuers worldwide. This expansion underscores the exchange's role as a significant hub for such financial instruments.

Husin Bagis, the Ambassador of Indonesia to the UAE, marked this occasion 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, "Today’s sukuk issuance demonstrates Indonesia’s strong economic fundamentals and our nation’s growing role in the global financial market."

Bagis further emphasised Indonesia's commitment to sustainable development: "This issuance also underscores Indonesia’s unwavering commitment to sustainable development, ensuring that financing for growth goes hand in hand with our responsibility to protect the environment for future generations." These words reflect Indonesia's focus on balancing economic growth with environmental stewardship.

Hamed Ali expressed satisfaction with these developments: "We are pleased to welcome this latest Sukuk issuance by the Republic of Indonesia to Nasdaq Dubai." He highlighted that these listings demonstrate Nasdaq Dubai’s strength as a platform for sovereign and ESG-linked issuances.

Expanding Debt Listings

The total outstanding debt listings on Nasdaq Dubai have now surpassed US$139 billion. This figure illustrates the exchange's growing appeal to sovereign entities, corporations, and financial institutions from diverse regions.

Ali added that Nasdaq Dubai remains committed to providing global investors with access through a transparent and efficient marketplace: "These listings reflect the strength of Nasdaq Dubai’s platform as a hub for sovereign and ESG-linked issuances."

This recent activity showcases how Nasdaq Dubai continues to attract significant financial instruments from around the world while supporting sustainable initiatives.

With inputs from WAM