Indonesia to Offer Savings State Sukuk Series ST009 by End of 2022

The government of Indonesia has announced its plans for the issuance of retail State Sharia Securities (SBSN) type Savings State Sukuk (ST) Series ST009 once again, to be offered for 20 days, from the 11th of November 2022 to the 30th of November 2022, according to Ramdhan Ario Maruto, Associate Director, Head of Fixed Income, Anugerah Sekuritas Indonesia, PT on the 6th of November 2022.

Why it Matters?

The ST009 Series represents the sixth and last retail government bond to be issued in 2022. Despite the market still in its deepening stage, the number of investors for such issuances continues to grow, which is enhancing the potential of the market, according to Ramdhan. The ST is regarded as having been able to absorb the market, particularly young pe...