Indonesia to Auction IDR 7 Trillion in Sovereign Sukuk

According to a press release from the Directorate General of Financing and Risk Management (DJPPR), Ministry of Finance, the Government of Indonesia is set to auction off State Sukuk to raise a minimum of IDR 7 trillion on the 7th of July 2020.

The Sukuk will be launched via two series, the State Treasury-Syariah (SPN-S) and the Project Based Sukuk (PBS) series, with the aim of meeting financing targets for 2020, according to the DJPPR).

The maturity dates of the Sukuk range from the 8th of January 2021 through the 15th of October 2046. According to the press release, discounts of up to 8.62% will be offered as rewards from this Sukuk auction.

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