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Indonesia’s State Sukuk Auction Expected to Generate IDR 5 Trillion to Government

Indonesia’s State Sukuk Auction Expected to Generate IDR 5 Trillion to Government

October 19, 2021

http://islamicmarkets.com/articles/indonesia-s-state-sukuk-auction-expected-to-generate-idr-5-trillion
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By IM Insights

The Government of Indonesia is expected to auction off State Sharia Securities (SBSN) on the 19th of October 2021. According to a press release, the SBSN series to be auctioned are the State Treasury Letter – Sharia (SPN-S) and Project Based Sukuk (PBS) series, with an indicative target of IDR 5 trillion being set.

Why it Matters?

The Government conducts the State Sukuk auction to obtain fresh capital to meet some of its financing targets as per the 2021 State Budget. The State Sukuk auction will be conducted using an action system organised by Bank Indonesia.

Details

The Government will auction off five series of the State Sukuk: these Sukuk are SPN-S 06042022 (reopening), PBS031 (reopening), PBS032 (reopening),...