Indonesia issued $2.75 billion in Islamic bonds on Nasdaq Dubai, making it the only Asian sovereign to do so in 2024.

Indonesia issued three Islamic bonds, or Sukuk, totaling $2.75 billion on Nasdaq Dubai, marking its fourth US dollar debt market entry in 2024. This makes Indonesia the only Asian sovereign to successfully access this market this year. The Sukuk includes $1.1 billion due 2030, $900 million due 2034, and $750 million due 2054. This issuance brings Indonesia's total listed Sukuk on Nasdaq Dubai to $24.6 billion across 21 listings and highlights Dubai's role as the global leader in Sukuk issuances.

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