Indonesia Falls Behind Target While Raising IDR 5.55 Trillion through Sukuk Auction

Indonesia raised IDR 5.55 trillion (USD 369.26 million) from a bi-weekly Sukuk auction on the 5th of May 2020, falling behind its IDR 8 trillion indicative target, according to Indonesia's Ministry of Finance.

The weighted average return for the project-based Sukuk was higher than the equivalent Sukuk offered at the previous auction.

The Sukuk auction attracted IDR 18.11 trillion in bids, which was slightly lower than IDR 18.84 trillion bids received during the previous auction. However, Indonesia-based securities company, MNC Sekuritas, had predicted the auction to attract up to IDR 25 trillion in incoming bids.

Meanwhile, the Government of Indo...