Indonesia Raises IDR 10.64 Trillion from Latest State Sukuk Auction

The government of Indonesia has successfully raised IDR 10.64 trillion (USD 716.35 million) from a State Sukuk or Government Shariah Securities (SBSN) auction held on the 9th of August 2022, higher than an IDR 7 trillion (USD 470.5 million) indicative target, according to the Ministry of Finance.

Why it Matters?

Total incoming bids for the auction stood at IDR 30.85 trillion (USD 2.07 billion), higher than the IDR 10.77 trillion (USD 723.9 million) in bids received at the previous auction held on the 26th of July 2022, while the Sukuk carried lower weighted average yields.

Details

The auction saw the sale of the SPNS07022023, PBS031, PBS032, PBS029, PBS034, and PBS033 State Sukuk via the auction system of Bank Indonesi...