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ASEAN
Part 52: Indonesia | CIMB
CIMB among arrangers for Indonesia's US$3b bond scheme
Sulhi Khalid June 11, 2021 17:50 pm +08

KUALA LUMPUR (June 11): CIMB Investment Bank Bhd is among five arrangers for the Indonesian government's US$3 billion (about RM12.32 billion) Islamic bond scheme which intends to raise money to finance, among others, expenditure related to eligible green projects of the neighbouring country.

CIMB said in a filing with Bank Negara Malaysia's Fully Automated System for Issuing/Tendering (FAST) website yesterday (Thursday, June 10) that the other four arrangers for the three-tranche bond issue with periodic distribution rates of between 1.5% and 3.55% a year are Citigroup Global Markets Inc, Dubai Islamic Bank PJSC, The Hongkong and Shanghai Banking Corp Ltd, and Standard Chartered Bank.

According to the bond issuance summary which was attached to the filing, CIMB, Citigroup, Dubai Islamic Bank, The Hongkong and Shanghai Banking Corp, and Standard Chartered Bank are also dealers and lead managers for the bond scheme with tenors of between five and 30 years.

https://www.theedgemarkets.com/artic...3b-bond-scheme