Indonesia’s Retail Sukuk Series SR-013 Achieves Record IDR 25.67 Trillion in Sales, Exceeds Government Expectations

Proceeds from the sale of Indonesia’s Retail State Sukuk Series SR-013 (SR-013) have reached a total volume of IDR 25.67 trillion over the offering period which lasted from the 28th of August 2020 to the 23rd of September 2020, according to the Directorate General of Financing and Risk Management (DJPPR) of Indonesia’s Ministry of Finance.

Local media reported that the SR-013 achieved the largest sales ever as well as the greatest number of investors throughout the issuance of Online Retail Government Securities (SBN) since 2018, with sales exceeding the Government of Indonesia’s initial target of IDR 5 trillion for financing.

According to local media reports, a...