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Saturday, May 4, 2024

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Indonesian government aims to raise IDR9 trillion (US$604.99 million) through auction of six Sukuk series

INDONESIA: The Indonesian government aims to raise IDR9 trillion (US$604.99 million) by auctioning six Sukuk series today including the PBS037 and PBS033 Sukuk series with maturity dates of the 15th March 2036 and the 15th June 2047 respectively and coupon rates of 6.88% and 6.75% respectively, according to an official statement. Green Sukuk Series PBSG001 will also be offered in the auction.

Auction participants include the main dealer, Lembaga Penjamin Simpanan, and Bank Indonesia. Participants from the main dealer include Bank Mandiri, Bank Rakyat Indonesia and Bank Negara Indonesia, among others.

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