Indonesia Raises IDR 7.365 Trillion in State Sukuk Auction; IDR 2.635 Trillion in Greenshoe Option

The Government of Indonesia has raised IDR 7.365 trillion from its biweekly auction of State Shariah Securities (SBSN), also known as State Sukuk, held on the 20th of April 2021, according to a statement issued by the Directorate General of Budget Financing and Risk Management (DJPPR), Ministry of Finance. Total entry bids in the latest auction reached IDR 17.909 trillion, which was higher than that received from the previous auction held on the 6th of April 2021 which came up to IDR 14.559 trillion. Despite this, the amount raised was below the indicative target of IDR 10 trillion. A further IDR 2.635 trillion was raised in an Additional SBSN (Greenshoe option) auction held on the 21st of April 2021.

Why it Matters?

The funds obtained in the auction...