Indonesian Government Raises IDR 9.5 Trillion from Biweekly State Sukuk Auction

The Government of Indonesia has raised IDR 9.5 trillion from a biweekly auction of State Shariah Securities (SBSN), also known as State Sukuk. The auction, which was conducted on the 15th of September 2020, raised a higher amount than the initial target of IDR 8.0 trillion.

According to a statement released by the Directorate General of Budget Financing and Risk Management, Ministry of Finance, the total incoming bids received from the State Sukuk auction was IDR 20.79 trillion, which was lower than that received from the previous auction held on the 1st of September 2020, which raised IDR 38.33 trillion.

The SBSN Series auctioned included one tranche of the State Treasury –...