Indonesian Government Meets Target of IDR 10 Trillion from Biweekly State Sukuk Auction

The Government of Indonesia has raised IDR 10 trillion from a biweekly auction of State Shariah Securities (SBSN), also known as State Sukuk, according to a statement issued by the Directorate General of Budget Financing and Risk Management (DJPPR), Ministry of Finance. The auction was implemented by Bank Indonesia acting as the SBSN Auction Agent on the 24th of November 2020, and matched the indicative targeted amount of IDR 10 trillion.

According to the DJPPR statement, the total incoming bids received at the close of the State Sukuk auction was IDR 24.94 trillion, which was higher than that received from the previous auction held on the 10th of November 2020, which garnered IDR 22.63 trillion in incoming bids. The to...