Indonesia Raises IDR 7.8 Trillion in Recent Sukuk Auction 

Indonesia has announced the sale of Sukuk worth IDR 7.8 trillion (USD 525.78 million) in an auction held on the 28th of June 2022, according to the Ministry of Finance.

Why it Matters?

The offer amount fell short of an IDR 9 trillion (USD 606.77 million) indicative target, while the yields on the offered Sukuk were lower than the previously offered notes. Total incoming bids were higher than those received in the previous offer (IDR 15.13 trillion: USD 1 billion) and stood at IDR 15.77 trillion (USD 1.1 billion).

Details

Indonesia raised IDR 5.1 trillion (USD 347.29 million) during its Sukuk auction held on the 14th of June 2022. In May 2022, Indonesia completed its largest global Sukuk issuance as its sold 5-year an...