Indonesia to Raise IDR 7 Trillion through Sovereign Sukuk Auction

The Government of Indonesia is expected to auction the State Shariah Securities (SBSN) or Sukuk on the 24th of March, 2020 in order to raise IDR 7 trillion.

The funds will contribute towards meeting the financial targets within the 2020 State Budget, with the properties/activities

The Sukuk will be auctioned off in two series: State Treasury - Sharia (SPN-S) and Project Based Sukuk (PBS). Auction bidders include 17 Banks and 4 Securities Companies as announced by Directorate General of Financing and Risk Management of the Ministry of Finance, Indonesia.

The SPN-S series facilities will mature in September 2020. The PBS series will be issued unde...