September 9, 2021

CGIF guarantees sukuk for the first time

The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for the guaranteed IDR319.5 billion 3-year and 5-year senior bond (“Bond”) and IDR160 billion 3-year and 5-year ijarah sukuk (“Sukuk”) issuances by PT Polytama Propindo (“Polytama” or “the Company”). The Sukuk transaction is the first guaranteed IDR denominated sukuk in Indonesia and the first sukuk with a CGIF guarantee.

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