BRIDS Wins 5 Prestigious Best Deals by Country Awards at The Asset

Singapore, August 27, 2025 – BRI Danareksa Sekuritas (BRIDS), a subsidiary of PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI), has once again achieved international recognition by securing five prestigious awards at The Asset Triple A Islamic Finance Awards 2025, particularly in the Best Deals by Country category. This achievement is a testament to BRIDS’ commitment to delivering financing solutions that provide broad benefits for market participants and the Islamic capital market ecosystem.

According to The Asset’s official publication, BRIDS received five awards as lead underwriter in recognition of the Company’s role in successfully managing several strategic sukuk issuances. The awards include:

• Best Sustainability Sukuk in Indonesia for the issuance of Indonesia’s first Sustainability Mudharabah Sukuk by PT Bank Syariah Indonesia Tbk (BSI), valued at IDR 3 trillion.

• Best Social Sukuk – Affordable Housing in Indonesia for the issuance of Social Sukuk by PT Sarana Multigriya Finansial (Persero) (SMF), valued at IDR 3 trillion.

• Best Social Sukuk – Small and Medium Enterprise (SME) in Indonesia for the issuance of Mudharabah Sukuk by PT Pegadaian, valued at IDR 1.41 trillion.

• Best Quasi-Sovereign Sukuk in Indonesia for the issuance of Ijarah Sukuk by PT Kereta Api Indonesia (Persero) (KAI), valued at IDR 500 billion.

• Best Corporate Sukuk in Indonesia for the issuance of Mudharabah Sukuk by PT Indah Kiat Pulp & Paper Tbk, valued at IDR 3.51 trillion.

Laksono Widodo, President Director of BRIDS, expressed his appreciation for the recognition from The Asset. According to him, this accomplishment reflects the unique value of sukuk instruments, which not only provide returns for investors but also deliver social benefits to society. It further demonstrates BRIDS’ commitment to supporting national economic growth, particularly through the development of the Islamic capital market.

“Every transaction we arrange emphasizes financing with fund allocations directed toward social, environmental, and sustainability aspects through the issuance of thematic sustainability-linked bonds and sukuk by various issuers. This proves that the capital market can serve as a key driver of inclusive development for Indonesia’s economy,” said Laksono.

As of July 2025, BRIDS has completed 41 debt securities issuances, consisting of bonds and sukuk, with a total underwriting value of IDR 12.9 trillion. This marks an increase of approximately 8% compared to the same period in 2024 with 38 transactions, while the underwriting value surged by around 50% from IDR 8.6 trillion in July 2024.

“Going forward, we will continue to provide more innovative and sustainable capital market financing services, expand collaboration across strategic sectors, and further strengthen synergies within the BRI Group ecosystem. Our aspiration is for Indonesia’s capital market instruments to not only serve as fundraising tools but also deliver tangible benefits to society at large,” Laksono concluded.