SPINDO Receives “Best Sustainability-Linked Bond” Award in The Asset Triple A Awards 2025
PT STEEL PIPE INDUSTRY OF INDONESIA Tbk (SPINDO) made another achievement by winning the “Best Sustainability-Linked Bond” award at The Asset Triple A Awards-ASEAN/DEAL Awards for the Sustainable Finance 2025 category. The award was given for the issuance of a triple-tranche sustainability-linked bond (SLB) worth 1 trillion rupiah, making it the first SLB in rupiah currency issued in Indonesia.
This success also marks an important achievement in the Indonesian capital market as the SLB issued by SPINDO became the first to be guaranteed by the
Credit Guarantee & Investment Facility (CGIF). The bond issuance process was facilitated by several leading underwriters, including IndoPremier Sekuritas, BCA Sekuritas, Korea Investment and Securities Indonesia, and PT Sucor Sekuritas. This further strengthens investor confidence in the innovation and prospects of sustainable financing in Indonesia.
The Asset Triple A Awards and Focus on Sustainability
The Asset Triple A Awards is organized by The Asset, an Asia-based media platform with global reach that has been a benchmark of excellence in the finance and capital markets sector for more than three decades. In its 25th anniversary year, The Asset has further increased its focus on sustainability, highlighting Asia's role in driving sustainable finance initiatives.
The award not only recognizes SPINDO's achievements in financial innovation, but also affirms the company's commitment to the implementation of sustainability principles in the manufacturing industry. With this achievement, SPINDO further strengthens its role in driving the development of a green economy and supporting sustainable development goals.
SPINDO's Commitment to Sustainability and Capital Markets
The awards received by SPINDO reflect several strategic achievements, including:
- Commitment to sustainability through the issuance of the first SLB in rupiah currency
- Innovation in Indonesia's capital market by providing secured and environmentally-oriented financing instruments
- Support for sustainable financing, which aims to strengthen green growth amidst global challenges
With these achievements, SPINDO has further demonstrated its role as an industry leader in sustainable finance innovation. This award is also a clear proof that domestic, regional, and international financial institutions are increasingly active in supporting sustainable finance in Asia.
