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Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank (“CGIF”) is pleased to announce its support for the IDR319.5 billion 3-year and 5-year senior bond and IDR160 billion 3-year and 5-year ijarah sukuk issuances by PT Polytama Propindo (“Polytama”), a leading manufacturer of polypropylene resin (PP resin) in Indonesia. The Sukuk transaction is the first guaranteed IDR denominated sukuk in Indonesia and the first sukuk with a CGIF guarantee.
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