(Corrects headline and first paragraph to say SMI has issued...

(Corrects headline and first paragraph to say SMI has issued first 500 bln rupiah out of a planned 3 trillion rupiah)

Jakarta, July 10 (Reuters) - Indonesia's Sarana Multi Infrastruktur (SMI), a state-owned infrastructure financing company, said on Tuesday it had issued 500 billion rupiah ($34.9 million) in green bonds out a planned overall 3 trillion rupiah ($209.1 million).

The company said it had been accredited by the multilateral Green Climate Fund, which requires clear management and reporting on all climate-related financing.

"The proceeds from the bonds will be used to fund projects focused on sustainability, including in renewable energies, environmentally friendly public transports and clean water management," SMI head Emma Sri Martini said in a statement.

In February, Indonesia became the first Asian country to sell "green" bonds internationally in a $1.25 billion deal. ($1 = 14,345.0000 rupiah)