Indonesia: IDR 80 Trillion Worth of Retail Government Securities in 2021

The Indonesian Government, through the Ministry of Finance, is scheduled to issue Retail Government Securities (SBN) at least six times in 2021, with a target value of up to IDR 80 trillion. The Retail SBN will comprise of Retail Government Bonds (ORI), Retail State Sukuk, Retail Savings Bonds (SBR), as well as Savings Sukuk, according to local media reports.

According to Luky Alfirman, Director General of Financing and Risk Management (DJPPR) of the Ministry of Finance, investor interest in Retail SBN is anticipated to be high in 2021, in line with the projected economic recovery of Indonesia. In addition, the Government is also planning to re-issue Cash-Waqf Linked Sukuk (CWLS), according to local media reports.

Alfirman stated that the timing and size of the Retail...