Treasury & Capital Markets
CGIF provides first Indonesian sukuk guarantee
Deal enables PT Polytama Propindo to diversify funding sources
Chito Santiago
10 Sep 2021
The Credit Guarantee & Investment Facility ( CGIF ), a trust fund established by the Asian Development Bank ( ADB ), provided a guarantee for a
sukuk transaction for the first time for PT Polytama Propindo of Indonesia amounting to 160 billion rupiah ( US$11.22 million ).
