Indonesia’s Ministry of Finance Launches SR-013 Retail Sukuk Series Targeting IDR 5 Trillion

Indonesia’s Ministry of Finance, via the Directorate General of Financing and Risk Management, has begun offering Government Retail Sukuk Series SR-013 (SR-013) from the 28th of August 2020 up to the 23rd of September 2020.

SR-013, the launch of which has been themed ‘Love the Country with Investment’, will be offered at 6.05% per year with a 15% tax, according to local media reports. The coupon rate will be fixed until the date on maturity on the 10th of September 2020, while the determination of the proceeds will take place on the 28th of September 2020. Investors will be able to order SR-013 with investments ranging from a minimum of IDR 1 million to a maximum of IDR 3 billion.

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