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Garuda Indonesia 2020

Summary
SPV Name:
Garuda Indonesia Global Sukuk Limited 

Notes:
Order book of US$1.9bn. By geography, 56% of the deal was allocated to the Middle East, followed by 32% to Asia and the remaining 12% to investors in Europe. By investor type, banks / agencies took the bulk of the offering at 52% while private banks / corporates and fund managers were allocated 29% and 19% respectively. Garuda's Sukuk offering was done without any government or financial institution guarantee, making it the first Asia Pacific national flag carrier to successfully issue a USD benchmark bond on a standalone basis since Qantas Airways' USD bond offering in April 2006. 


Profit rate:
5.950%
 
Download Documents:
 
Sukuk Details
Type:
Wakala 

Issue Size:
$500 million 

Currency:
USD 

Maturity:
29 May 2020 

Country of Issue:
Indonesia 

Tenor:
5 Years 
Issue Date:
29 May 2015 
Sukuk Rating:
 
Exchanges:
 
Arrangers:
Advisors:
 
 
 

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