The two SBSN
under "Ijarah Al-Khadamat" could not be traded.
Sharia banks are legally protected under the Law on Sharia banking and SBSN
Regulation of Bank Indonesia on Sharia Monetary Operation allowing sharia bank to maintain liquidity and specifying procedure of transaction of repurchase agreement of SBSN
with Bank Indonesia.
The issuance will be made by a special purpose vehicle, SBSN
Indonesia III, a statutory body established by the Government of Indonesia and listed on the Singapore Stock Exchange.
Moody's Investors Service has assigned a provisional rating of (P)Baa3 to the proposed US dollar trust certificates to be issued by Perusahaan Penerbit SBSN
Indonesia III (PPSI III) under its existing trust certificate issuance program.
Fitch Ratings has assigned Indonesia's proposed Perusahn Penerbit SBSN
Indonesia III (PPSI-III) global certificates (Sukuk) an expected 'BBB-(EXP)' rating.
The issue is an Ijarah Sukuk, launched out of Perusahaan Penerbit SBSN
Indonesia I (PPSI-I), a special purpose vehicle holding beneficial rights over approximately 66 real properties used for government purposes, including buildings, improvements and fixtures located in Bandung and Jakarta.