On March 9, 2018 Chain Reaction Research reported that two green bonds were issued in Indonesia since late February 2018.
“The Government of Indonesia issued a USD 1.25 billion green sukuk bond – a government first – while Tropical Landscapes Finance Facility (TLFF) issued a USD 95 million sustainability bond.
Both bonds target some of their proceeds towards sustainable landscapes, but these two bonds are a study in contrasts. The TLFF bond has a clear approach to deforestation risk mitigation while the green sukuk includes an “element of deforestation.”
You may read the analysis on the Chain Reaction Research internet site.