Indonesia Aims to Raise USD 764 Million Through Six Series of Government Sukuk

The government of Indonesia is aiming to raise IDR 11 trillion (USD 764 million) through the auction of six series of Government Shariah Securities (SBSN) or Government Sukuk. The series consist of one Shariah Treasury Note (SPNS) and five series of Project-Based Sukuk (PBS).

Why it Matters?

The auction is the third auction by the government and is expected to be held on the 8th of February 2022. The funds raised from the Sukuk are to be used to meet the financing target fixed in Indonesia’s 2022 State Budget with the assets backing the six Sukuk series being projects or activities in the Budget as well as state-owned assets.

Details