Indonesia to Raise IDR 8 Trillion through Sovereign Sukuk Auction

The Government of Indonesia is expected to auction the State Shariah Securities (SBSN) or Sukuk on the 5th of May 2020, in order to raise IDR 8 trillion to meet the financial targets within the 2020 State Budget.

The Sukuk will be auctioned off in two series: State Treasury - Shariah (SPN-S) and Project-Based Sukuk (PBS), according to the Directorate General of Financing and Risk Management of the Ministry of Finance.

The SPN-S series facilities will mature in November 2020 while the PBS series will be issued under four different tranches, namely PBS002, PBS026, PBS007 and PBS005. These series are expected to mature in 2022, 2024, 2043 and 2043, respectively and will carry respecti...