Indonesian Government Raises IDR 9 Trillion from State Sukuk Auction; Below Target

The Government of Indonesia has raised IDR 9 trillion from its biweekly auction of State Shariah Securities (SBSN), also referred to as State Sukuk, held on the 26th of January 2021. The auction was conducted via Bank Indonesia acting as the SBSN Auction Agent and raised less than the indicative targeted amount of IDR 14 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 six series offered was IDR 23.34 trillion, which was lower than that received from the previous auction held on the 12th of January 2021, which raised IDR 24.27 trillion in incoming bids. The total amount awarded in the previous auction was IDR 11.3 tril...