Indonesian Government Raises IDR 4.7 Trillion from Additional State Sukuk Auction

As a follow up to the Government of Indonesia’s first edition of its biweekly auction of State Shariah Securities (SBSN) in 2021, a total of IDR 4.7 trillion has been raised through the auction of five additional series of SBSN (Greenshoe Option Sukuk) on the 13th of January 2021.

According to a statement issued by the Directorate General of Budget Financing and Risk Management (DJPPR), Ministry of Finance, the SBSN Series offered at the additional auction conducted by Bank Indonesia were PBS-027, PBS-017, PBS-029, PBS-004, and PBS-028. The total incoming bids of the additional auction was IDR 4.921 trillion.

The Government won all incoming bids for three series including IDR 25 billion from PBS-017 with a weighted average yield of 5.39%, IDR 1.323 trillion from...