Linklaters advises on the US$2.75bn Sukuk issuance by The Republic of Indonesia

Linklaters advised the joint lead managers on the issuance of US$2.75bn trust certificates by The Republic of Indonesia. The offering comprises US$1.1bn 5.5-year trust certificates, US$900m 10-year trust certificates and US$750m 30-year trust certificates. The certificates are listed on both the Singapore Exchange Securities Trading Limited and Nasdaq Dubai.

The transaction saw strong demand from diverse investor groups including asset and fund managers, financial institutions, sovereign wealth funds and insurance companies – as well as geographies, showcasing robust investment appetite and market confidence in the Indonesian economic outlook. 

The Linklaters team was led by partner and Head of South and Southeast Asia Capital Markets Amit Singh, with support from counsel Phill Hall and managing associate Calvin Soon.

Linklaters’ Head of South and Southeast Asia Capital Markets Amit Singh commented:

“Linklaters’ well-established and globally integrated Islamic finance practice is known for delivering innovative solutions to clients and having an in-depth understanding of the principles of Islamic finance. We are grateful to have had the opportunity to support the Government of Indonesia, and huge congratulations on this successful issuance!”