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The Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for the guaranteed IDR220.5 billion 3-year and 5-year medium term ijarah sukuk (“Medium Term Ijarah Sukuk”) issuances by PT Polytama Propindo (“Polytama” or “the Company”). Polytama is a leading manufacturer of polypropylene resin (PP resin) in Indonesia. The Medium Term Ijarah Sukuk transaction is CGIF’s continued support to the development of Indonesia’s sukuk markets following the guaranteed IDR160 billion public sukuk issuance for Polytama in 2021.
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