Jakarta - PT Intiland Development Tbk (DILD) plans to issue sustainable sukuk ijarah I phase III 2022 worth Rp250 billion.

Based on the prospectus released on Tuesday (11/29), the amount of sukuk ijarah at this stage is part of the fundraising target of Rp750 billion.

The ijarah bonds consist of two series, namely series A with an amount of Rp125 billion with installments equivalent to 10.30% and a tenor of 2 years, and series B worth Rp125 billion with installments equal to 10.60% with a tenor of 3 years.

In issuing this sukuk ijarah, the company has obtained a rating from the Indonesian Credit Rating, A-.

The underwriters for the issuance were entrusted to MNC Sekuritas and Shinhan Sekuritas Indonesia. The trustee is Bank Mega.

The proceeds from the issuance of the sukuk amounted to Rp16.367 billion for payment of part of the company's principal debt, and around Rp221.539 billion will be loaned to subsidiaries.

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