Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 30°C
DKI Jakarta, Indonesia
30°C Partly Cloudy

Dry and mostly cloudy throughout the day.

  • weather-icon


    26℃ - 32℃

  • weather-icon


    25℃ - 32℃

  • weather-icon


    25℃ - 31℃

  • weather-icon


    26℃ - 30℃

Sarana Multi Infrastruktur issues green bonds and sukuk 

  • Riza Roidila Mufti
    Riza Roidila Mufti

    The Jakarta Post

Jakarta | Tue, July 10, 2018 | 03:23 pm
Sarana Multi Infrastruktur issues green bonds and sukukĀ  State-owned company infrastructure financing company PT Sarana Multi Infrastruktur (SMI) president director Emma Sri Martini (third right), accompanied by members of SMI boards of directors and commissioners, officially lists company bonds and sukuk at the Indonesia Stock Exchange (IDX) in Jakarta on July 10. (JP/Riza Roidila Mufti)

State-owned infrastructure financing company PT Sarana Multi Infrastruktur (SMI) issued on Tuesday green bonds and sukuk, under a shelf registration issuance scheme worth Rp 3 trillion (US$209 million) each. 

SMI president director Emma Sri Martini said the funds obtained from the debt paper issuance would be used to finance various sustainable development goals (SDGs) and sharia-based infrastructure projects in the country.

“We want to be a pioneer in issuing green bonds that support the financing of  environmental infrastructure projects,” said Emma during the bond and sukuk listing ceremony on the Indonesia Stock Exchange (IDX) on Tuesday.

“We also would like to inform investors and stock market players that there are environmental bonds in the country because the bonds are considerably new in Indonesia.”

SMI director Edwin Syahruzad further said the turnover from green bond issuance would be used to finance several projects such as light rail transit (LRT) in Palembang, mini hydro power plants in South Sulawesi and West Sumatra, a water treatment project in Cilegon, Banten and renewable energy development projects across Indonesia. 

Meanwhile, the turnover from sukuk will be used to finance sharia-based infrastructure projects, such as an electricity transmission project in Sumatra of state-owned electricity company PLN and train car production by PT Inka Multi Solusi (IMS), a subsidiary of state-owned train producer PT Inka.

The first phase of the green bond and sukuk issuance worth Rp 500 billion and Rp 1 trillion will be done this year, while additional phases would take place in the next two years, depending the needs of the project funding. (bbn)

Join the discussions