Govt Targeting Rp12tn from Sharia Sovereign Bonds Auction on March 5
Translator
Editor
29 February 2024 08:20 WIB
TEMPO.CO, Jakarta - The Indonesian government will auction Sharia Sovereign Bonds (SBSN), also known as state sukuk on March 5. The government aims to raise Rp12 trillion from the bond auction to finance part of the 2024 State Revenue and Expenditure Budget (APBN).
The Finance Ministry's Directorate General of Financing and Risk Management (DJPPR) has announced that seven series of State Sukuk will be auctioned. These series consist of Sharia State Treasury Notes (SPN-S) and project-based Sukuk (PBS). The SPN-S series will be published using an Ijarah Sale and Lease Back deed, while the PBS series will use an Ijarah Asset to be Leased deed.
The series are:
1. SPNS 03092024, matures on Sep. 3, 2024, with a discount rate.
2. SPNS 02122024, matures on Dec. 2 2024 with discount rate.
3. PBS032, matures on July 15, 2026 with a return of 4.875 percent.
4. PBS030, matures on July 15, 2028 with a return rate of 5.875 percent.
5. PBS004, matures on Feb. 15, 2037 with a return of 6.100 percent.
6. PBS039, matures on July 15, 2041 with a return rate of 6.625 percent.
7. PBS038, matures on Dec. 15, 2049 with a return rate of 6.875 percent.
Bank Indonesia, acting as the SBSN Auction Agent, will conduct an open auction using the multiple price method. Offers must be submitted through a Main Dealer approved by the Ministry of Finance.
The auction results will be announced on March 5, and the settlement period will be on March 7.
ANNISA FEBIOLA
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