Indonesian Government Raises IDR 6.14 Trillion from Biweekly State Sukuk Auction in December 2020

The Government of Indonesia has raised IDR 6.14 trillion from a biweekly auction of State Shariah Securities (SBSN), also referred to as State Sukuk. The auction was conducted via Bank Indonesia acting as the SBSN Auction Agent on the 8th of December 2020 and raised slightly more than the targeted amount of IDR 6 trillion.

According to a statement issued by the Directorate General of Budget Financing and Risk Management (DJPPR), Ministry of Finance, the total incoming bids received from the State Sukuk auction for the five series offered was IDR 27.76 trillion, which was higher than that received from the previous auction held on the 24th of November 2020, which raised IDR 24.94 trillion in incoming bids. The total amount awarded in the previous auction was IDR 10 trillion....