Jakarta - PT Intiland Development Tbk (DILD) plans to conduct a sustainable public offering of phase I sukuk mudharabah in 2021 worth Rp250 billion.

According to a brief prospectus released on Wednesday (25/8), this phase I sukuk ijarah is part of Intiland's sukuk ijarah I program, aiming to raise Rp750 billion.

In the first stage, sukuk ijarah is offered in exchange for an ijarah of Rp26.5 billion per year, the amount is equivalent to 10.50% per annum, with a period of 370 days.

To issue this sukuk ijarah, Intiland received an A- rating from PT Kredit Rating Indonesia.

The underwriters for the issuance of the sukuk ijarah are PT Sucor Sekuritas and PT Sucor Sekuritas.