Indonesia Raises USD 604.72 Million Through Sukuk in its Latest Auction 

Indonesia Raises USD 604.72 Million Through Sukuk in its Latest Auction 

https://islamicmarkets.com/articles/indonesia-raises-usd-604-72-million-through-sukuk-in-its-latest
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The government of Indonesia has raised IDR 9 trillion (USD 604.72 million) in its recent Sukuk auction, meeting its indicative target, on the 6th of September 2022, according to the country's Ministry of Finance.

Why it Matters?

The total amount of offers received for the Sukuk stood at IDR 24.14 trillion (USD 1.6 billion), which was less than the IDR 28.54 trillion (USD 1.9 billion) of bids obtained in the prior Sukuk auction on the 23rd of August 2022. The weighted average yields of the bulk of the offered notes were also lower than those of comparable notes sold in the previous auction.

Details

Indonesia along with Malaysia, and Saudi Arabia remain as the largest Sukuk issuance bases globally, together accounting fo...