Business · Markets · 9 hrs ago
Indonesia Issues $3 Billion in Global Sukuk
Indonesia issued $3 billion in global sukuk, a form of sharia-compliant bond, in international markets.
The government sold three series with maturities of three, five and 10 years.
The bonds drew strong interest, with total demand reaching 2.9 times the amount offered.
High demand allowed Indonesia to lower its initial price guidance during the sale.
The Finance Ministry said investor interest reflected confidence in Indonesia’s economic fundamentals and took advantage of favorable global market conditions.
The issuance is Indonesia’s sixth international market transaction in 2026, following five sales of conventional debt securities.
The bonds are scheduled to settle on November 13, 2026.
Indonesia issued US$3 billion in global sukuk across three series with maturities of three, five and 10 years.
The Ministry of Finance said international investors’ demand was strong, with the offering oversubscribed 2.9 times overall.
The three-year series raised US$500 million, the five-year series US$1 billion and the 10-year series US$1.5 billion.
The government said it took advantage of favorable global financial market conditions and positive sentiment after the US midterm elections.
This was Indonesia’s sixth transaction in international financial markets in 2026.
- Who
- The Indonesian government issued the sukuk.
- What
- It issued US$3 billion in global, sharia-compliant bonds across three series.
- When
- The issuance was announced on November 6, 2026. Settlement was scheduled for November 13, 2026.
- Where
- The bonds were issued in international financial markets.
- Why
- The government said it took advantage of favorable global financial conditions and positive sentiment after the US midterm elections.
This story does not have two clearly opposing sides.
The government announced the US$3 billion global sukuk issuance and pricing was due to be determined.
Settlement of the three sukuk series was scheduled.
- Total issuance
- US$3 billion
- Three-year series
- SNI1129; US$500 million; 5.45% yield
- Five-year series
- SNI1131; US$1 billion; 5.85% yield
- Ten-year series
- SNI1136; US$1.5 billion; 6.25% yield
- Overall demand
- Oversubscribed 2.9 times
- Settlement
- November 13, 2026
What people are saying
The high interest from investors from various regions reflects continued strong confidence in Indonesia's economic fundamentals. This confidence is supported by solid economic growth, prudent fiscal management, and credible monetary policy