In 2017, PT SMI has established a Sharia Financing Division to accommodate financing and investment needs under the Sharia principles. In 2018, PT SMI issued Sukuk Berkelanjutan I Sarana Multi Infrastruktur worth IDR 3 trillion with a Stage I Year 2018 emission value of IDR 1 trillion. All proceeds from the Sukuk issuance is intended for the business activities of the Sharia Financing Division and also aims to support the development of the Sukuk market in Indonesia.
Sukuk Berkelanjutan I Sarana Multi Infrastruktur
Total Facility: IDR 3 trillion
Stage I Year 2018 – IDR1 trillion
|Tranche A||IDR680,0 billion||3 years||7,55%||6-Jul-21||idAAA
|Tranche B||IDR320,0 billion||5 years||7,80%||6-Jul-23||idAAA
Rating Agency: PT Pemeringkat Efek Indonesia (Pefindo)
Trustee: PT Bank Mandiri (Persero) Tbk