Indonesia launches 5-year US dollar Islamic bond, 10-year green sukuk, term sheet shows
The document does not specify the size of the issuance, and the Indonesian government has not yet provided an official comment.
The sukuk bonds are being issued by Perusahaan Penerbit SBSN Indonesia III, with the Indonesian government acting as the obligor, according to the sheet, which added that they will be listed on both the Singapore Exchange and Nasdaq Dubai.
The bonds will hold credit ratings in line with the sovereign ratings of Indonesia, Southeast Asia's largest economy, at Baa2 by Moody's, BBB by S&P and BBB by Fitch.
Indonesia will use the proceeds to meet part of its general financing requirements, with proceeds from the 10-year green sukuk going to finance or re-finance eligible green expenditures, according to the document.
Deutsche Bank and HSBC are the joint green structuring coordinators.
Bank of America, Deutsche Bank, Dubai Islamic Bank , HSBC and Mandiri Securities are the bookrunners, while BRI Danareksa Sekuritas and Trimegah Sekuritas Indonesia are the co-managers, the sheet showed.
(Reporting by Yantoultra Ngui in Singapore and Stefanno Sulaiman in Jakarta; Editing by Muralikumar Anantharaman and Sherry Jacob-Phillips)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Jannah Hotels & Resorts appoints Mark Whitlock as new Group General Manager
Abu Dhabi, UAE – Jannah Hotels & Resorts is proud to announce the appointment of Mark Whitlock as its new Group General Manager, marking a strategic step toward a bold new era of growth, innovation, and operational excellence. With over 20 years of international hospitality experience across the UK, Middle East, and Southeast Asia, Mark brings a unique blend of strategic vision, commercial acumen, and people-focused leadership. His track record spans from on-the-ground operations to steering complex portfolios, consistently driving performance, aligning organizations for growth, and delivering memorable guest experiences that reflect brand purpose. Prior to joining Jannah, Mark served as Group Director of Operations for a prominent regional hospitality group, overseeing a portfolio of over 3,500 keys across multiple markets. His leadership was instrumental in launching new properties, repositioning legacy brands, and accelerating EBITDA growth while fostering a strong culture of service and accountability. Mark is known for elevating workplace culture, building high-performing teams, and cultivating the next generation of leaders through strategic talent development. A firm believer in hospitality as a human business, Mark is passionate about embedding operational excellence into every aspect of the guest journey. His approach combines commercial planning and revenue optimization with hands-on involvement in hotel operations, ensuring brand integrity and financial performance are achieved in harmony. He also places strong emphasis on building authentic stakeholder relationships and aligning owners, teams, and brand values around shared success. Mark began his career in food and beverage and hotel operations, eventually rising through general management and regional leadership roles within both international hotel chains and regionally based operators. His inclusive leadership style and ability to turn vision into action have made him a trusted name in the industry. A graduate of Leeds Beckett University, Mark holds a First-Class Honours BA in Hospitality and Business Management. He is also a passionate advocate for real, values-driven hospitality: 'This is a brand rooted in heart and hospitality and I'm both honoured and excited to lead it into its next chapter,' said Mark Whitlock, Group General Manager of Jannah Hotels & Resorts. 'What drew me to Jannah is its strong cultural foundation, its commitment to guest-centric service, and its bold ambitions for growth. I look forward to working closely with our teams and partners to strengthen operational excellence, elevate the guest journey, and position Jannah as a brand of choice in today's competitive landscape. Together, we will build on what makes this group special, while embracing innovation and driving sustainable performance across every touchpoint.' he shared. His appointment reflects Jannah Hotels & Resorts' commitment to investing in visionary leadership, strengthening its brand foundations, and unlocking new opportunities across the region. With Mark at the helm, the group is poised for a transformative journey, anchored in service, substance, and strategy. About Jannah Hotels and Resorts Jannah Hotels & Resorts is all about redefining luxury with a touch of authentic Arabian hospitality. Whether for a short getaway or an extended stay, a seamless blend of comfort, innovation, and sustainability is provided. With prime locations across the UAE, the properties cater to business and leisure travelers alike, offering modern amenities, personalized service, and a home-away-from-home experience. At Jannah, it's not just about accommodation—unforgettable moments are created, ensuring every guest feels welcomed, relaxed, and inspired.
Zawya
an hour ago
- Zawya
Mohammed Fannouch appointed Co-Head of Capital Markets and Advisory Middle East, North Africa and Turkiye at HSBC
HSBC is pleased to announce that Mohammed Fannouch has been appointed Co-Head of Capital Markets and Advisory (CMA), Middle East, North Africa and Turkiye (MENAT), subject to regulatory approval. Fannouch will lead the business with Samer Deghaili, who has been Co-Head of HSBC's investment banking business in the region since 2020. Together, they will be responsible for building on the strong foundations of HSBC's market-leading franchise and driving its CMA strategy in the Middle East, comprising financing solutions, corporate finance, and strategic advisory. Fannouch and Deghaili will continue to be based in Riyadh and UAE, respectively. Fannouch has over 20 years' experience in originating, advising and executing investment banking transactions in Saudi Arabia and across the region. Having joined HSBC in 2008, he has acted on some of the most significant ECM and M&A deals in the Middle East, most recently as Co-Head of HSBC's #1 investment banking franchise in Saudi Arabia. Adam Bagshaw, Global Head, Capital Markets and Advisory, HSBC, said: 'HSBC is in investing in areas of core competitive strength. With our MENAT CMA leadership now based in two key financial hubs, the UAE and Saudi Arabia, we will be even better placed to partner with our clients and support them as they navigate the region's growth potential.' -Ends- Notes: The appointment follows HSBC's reorganisation of its capital markets and corporate advisory division in May 2025, which identified the Middle East as a region of continued investment, including in M&A and ECM. HSBC has consistently led the region's capital markets and advisory space; in 2024, HSBC topped Bloomberg's Middle East league tables for both ECM and DCM for the fourth consecutive year and, earlier this year, was named as Euromoney's Best Investment Bank in the Middle East, for the tenth year. Media Contacts HSBC Middle East Ahmad Othman / Lucy Stewart / About HSBC HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organisations.
Zawya
2 days ago
- Zawya
VinFast Indonesia continues to expand nationwide service workshop network
JAKARTA, INDONESIA - Media OutReach Newswire - 26 July 2025 - VinFast, the Vietnamese Nasdaq-listed pure-electric vehicle manufacturer, today announced the signing and implementation of strategic cooperation agreements with leading Indonesian service workshop partners. This strategic move significantly expands VinFast's after-sales network, demonstrating its commitment to providing maximum convenience for customers transitioning to electric vehicles. During the Gaikindo Indonesia International Auto Show (GIIAS) 2025, open to the public from July 24 to August 3, VinFast signed Memoranda of Understanding (MOUs) with three new strategic partners: Nawilis, Warna Warni Ban, and Raperind. These partnerships further strengthen the Company's continuously expanding genuine service network in Indonesia. Specifically, 9 Nawilis workshops will become VinFast's authorized genuine service centers, all classified as Level 1 workshops. Other partners, Warna Warni Ban (5 Level 1 workshops) and Raperind (5 workshops, including 2 Level 1 and 3 Level 2 workshops), also join the system, enriching VinFast's service network across Indonesia. These third-party authorized service workshops will be clearly categorized by their scope of expertise, ensuring Indonesian customers consistently receive appropriate and professional services. Level 1 workshops are authorized to provide a full range of essential services, including maintenance, basic repairs, basic warranty handling, software updates, and diagnostic checks for VinFast EVs. Meanwhile, Level 2 workshops will focus on core services such as periodic maintenance, basic repairs, and basic warranty services, ensuring VinFast customers receive optimal service at every touchpoint throughout their EV ownership journey. These new partners complement the list of strategic partners with whom VinFast previously finalized agreements, including Otoklix and Bengkel BOS. Otoklix has added 150 workshops to VinFast's network, comprising 41 Level 1 and 109 Level 2 workshops. Bengkel BOS has also contributed 12 Level 1 workshops. As a result, VinFast has built a nationwide network of 181 authorized genuine service workshops, including a total of 69 Level 1 and 112 Level 2 workshops. All Indonesian service workshops will meet VinFast's stringent standards for facilities, machinery and equipment, and personnel qualifications. These partners will also provide genuine services and parts for VinFast car owners, contributing to maximum convenience and peace of mind. Throughout the cooperation, VinFast will actively support personnel training and technical consultation to help partners rapidly expand their authorized service workshop systems, especially as VinFast's product range in Indonesia continues to grow, and the number of vehicle deliveries is expected to increase significantly. Mr. Chrisdavin Teng, Director of Warna Warni Ban commented, "We are thrilled to become an authorized provider of genuine services for VinFast electric vehicles in Indonesia. We believe in VinFast's growth potential in Southeast Asia. Together, VinFast and we aim to provide consumers with excellent experiences and drive the continuously growing electric vehicle market." Mr. Kariyanto Hardjosoemarto, CEO of VinFast Indonesia, shared, "The continuous expansion of our service workshop network once again reaffirms VinFast's strong and consistent commitment to providing comprehensive, convenient, and high-quality after-sales service, ensuring Indonesian customers can confidently enjoy the superior value of the VinFast electric vehicle experience. This strategy not only helps us expand our customer reach but also optimizes operational efficiency during our expansion in Indonesia." VinFast is strengthening its after-sales network as its product range in the Indonesian market continues to expand. In just over a year since officially entering the market, VinFast has rapidly introduced a diverse product range across the most popular segments in Indonesia, from the VF 3, VF 5, VF 6 to the VF e34, and most recently, the VF 7. These products are all offered with exceptionally attractive sales and after-sales policies, such as free charging at V-GREEN charging stations and 0% interest financing support for vehicle purchases. Simultaneously, VinFast is continuously fostering cooperation with dealership and banking partners, making it easier for customers to access, own, and use green transportation./. Hashtag: #VinFast The issuer is solely responsible for the content of this announcement. VinFast
