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Commonly, green sukuk is highly demanded by investors as it promotes green activities which give a good image for investors. This would support climate change issues. This paper's objective is to analyze the performance of green sukuk's price after the issuance date. During the offering period, most green sukuk was oversubscribed, which may implicate after the issuance. The method applied for this research was the descriptive method by comparing the prices' movement of green sukuk with another green bond after issuance and similar bond for benchmarking and correlation analysis. The result showed that since the condition during the offering period was oversubscribed, it does not necessarily correlate to the performance after issuance period of green sukuk. The decrease of Indonesian green sukuk prices are caused by macroeconomic factors hence the good image of green activities does not always attract investors directly. Climate change issues may not be the first consideration since investors may only seek for profit motive.
Dodik Siswantoro (Mon,) studied this question.