BSI sustainability sukuk oversubscribed 250 percent at Rp2 trillion
Order books reached Rp5.1 trillion for 1-3 year tenors, with yield indications of 7%-7.2%.
PT Bank Syariah Indonesia (BSI) recorded investor orders for its Sustainability-Based Mudharabah Sukuk I Phase III of 2026 at about Rp5.1 trillion through the offering period ending Nov. 6, or 250 percent of the Rp2 trillion issuance target. The instrument is part of BSI's sustainability sukuk program worth up to Rp10 trillion, being carried out in stages since 2024. The sukuk offered carries one-, two- and three-year tenors with indicative yields in the 7 percent to 7.2 percent range. Proceeds will be used to finance environmentally and socially responsible business activities in line with BSI's Sustainability Sukuk Framework. The company also said the issuance is part of efforts to broaden access to the Islamic capital market and diversify funding sources beyond third-party funds.