IslamicFinance.de

The Republic of Indonesia has appointed banks for a US dollar sukuk offering that could include the first offshore Green bond from an Asian sovereign. Abu Dhabi Islamic Bank, CIMB, Citigroup, Dubai Islamic Bank and HSBC are joint bookrunners. The sukuk maturities are expected to be of 5 and 10 years, and the issuer may also consider the possibility of a longer dated tranche. Poland was the first sovereign to issue Green bonds, in a euro-denominated transaction in 2016. In Asia, Hong Kong has also expressed interest in issuing Green bonds. Indonesia last issued dollar bonds in December, when it completed a $4 billion transaction split across three tenors.

Starting from October 2, Turkey will issue gold-backed bonds and sukuk to attract into the economy gold savings held by households. According to the Turkish treasury, the maturity of the bond and sukuk will be 728 days, with a 6-month interest of 1.20%, index-linked to gold prices.