Government of Indonesia Meets Target of IDR 12 Trillion from Biweekly State Sukuk Auction

The Government of Indonesia has raised IDR 12 trillion from its biweekly auction of State Shariah Securities (SBSN), also known as State Sukuk, held on the 9th of February 2021. The auction was conducted by Bank Indonesia acting as the SBSN Auction Agent, and matched the indicative targeted amount of IDR 12 trillion. The Sukuk will be settled on the 11th of February 2021.

According to a statement issued by the Directorate General of Budget Financing and Risk Management (DJPPR), Ministry of Finance, the total incoming bids received from the State Sukuk auction for the six series offered was IDR 26.105 trillion, which was higher than that received from the previous auction held on the 26th of January 2021, which raised IDR 23.34 trillion in incoming bids. The total amount awarde...