Indonesia’s Ministry of Finance Retail Sukuk Series SR014 Oversubscribed; Raises IDR 16.7 Trillion

Proceeds from the sale of Indonesia’s Government Retail Sukuk Series SR-014, offered by the Ministry of Finance, via the Directorate General of Financing and Risk Management (DJPPR), between the 26th of February 2021 and the 17th of March 2021 reached IDR 16.705 trillion. The sale exceeded the issuance target of IDR 10 trillion, and was oversubscribed by 1.67x.

Why it matters?

The issuance of SR-014 is part of the Government’s efforts to strengthen the domestic financial market and expand the domestic investor base, particularly that of retail investors. Proceeds of SR-014 will be used to support the Government of Indonesia’s 2021 State Budget (APBN), and finance the development of infrastructure projects. The demand of the sale sh...