Government of Indonesia Absorbs IDR 11 Trillion at State Sukuk Auction

At the state Sukuk (SBSN) auction held on the 4th of August 2020, the Government of Indonesia absorbed IDR 11 trillion, exceeding its indicative target of IDR 8 trillion.

The auction which was held through the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, attracted IDR 39.77 trillion in bids, lower than the IDR 40.2 trillion reached at the previous auction on the 21st of July 2020.

Of the five series issued, the PBS027 series, carrying an average yield of 5.14% and set to mature on the 15th of May 2023 was the most sought after series with investors putting up an incoming bid of up to IDR 12.625 trillion. The Government absorbed IDR 2.65 tr...