11 Jun 2021
Longest tenor green sukuk issuance
Partner Mohammad Renaldi Zulkarnain from Assegaf Hamzah & Partners acted as the Indonesian legal counsel to Lead Managers and other Managers on the issuance of USD 1.25 billion 5-year, USD 1 billion 10-year, and USD 750 million 30-year (Green) Reg S/144A Trust Certificate due in 2026, 2031, and 2051, respectively (“Wakala Sukuk”). This is the first ever 30-year, and the longest tenor Green Sukuk issuance in the world. CIMB Investment Bank Berhad, Citigroup Global Markets Inc., Dubai Islamic Bank PJSC, The Hongkong and Shanghai Banking Corporation Limited, and Standard Chartered Bank acted as Joint Lead Managers and Joint Bookrunners; HSBC and Standard Chartered acted as Joint Green Structuring Advisors; and PT BRI Danareksa Sekuritas and PT PT Trimegah Sekuritas Indonesia Tbk. acted as Co-Managers for this transaction.