Indonesia’s Retail Sukuk SR-012 is Oversubscribed Amidst COVID-19

The Retail Sukuk SR-012 (SR-012) issued by the Government of Indonesia has been successful, despite the prevailing COVID-19 crisis, attracting 23,952 investors across all provinces in Indonesia.

The Directorate General of Financing and Risk Management at the Ministry of Finance said that the Sukuk generated total sales of IDR 12.14 trillion, exceeding the Government’s target of IDR 7.66 trillion.

According to the IslamicMarkets Sukuk Monitor, the Sukuk is set to mature on the 10th of March 2023. It was listed on the Indonesia Stock Exchange with Bank BRI Syariah, Bank Central Asia, PT Bank CIMB Niaga and several other financial institutions acting as intermediaries.

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