Government Absorbs IDR 11 Trillion From SBSN Auction

Illustration. (Photo: Doc. Antara)

JAKARTA - The government absorbed Rp11 trillion from the auction of State Sharia Securities (SBSN) or state sukuk on March 21, 2023, which received an incoming bid of Rp23.51 trillion, to meet part of the financing target in the 2023 State Budget.

In an official statement, quoted from Antara, Friday, March 24, the Directorate General of Financing and Risk Management of the Ministry of Finance noted that there were six SBSN series that were auctioned through the Bank Indonesia auction system.

The six series in question are SPNS05092023 (reopening), PBS036 (reopening), PBS003 (reopening), PBSG001 (reopening), PBS037 (reopening), and PBS033 (reopening).

The highest nominal absorption came from the PBS036 auction, which amounted to Rp6.25 trillion, which also received the largest entry offer of Rp13.11 trillion. From the auction, the weighted average yield (yield) won was recorded at 6.40958 percent.

Furthermore, the absorption of the highest funds came from the auction of the state sukuk series PBS033 of Rp1.4 trillion from an incoming offer of Rp1.84 trillion, with a weighted average yield won of 7.23983 percent.

From the auction of the PBS003 series, other highest funds were reached, which amounted to Rp1.2 trillion, which came from an incoming offer of Rp2.06 trillion. Yield is a weighted average which was won from this series at 6.47889 percent.

Then, the government raised funds from the PBS037 series SBSN auction of IDR 1.05 trillion which received an incoming offer of IDR 1.81 trillion, with a weighted average yield won of 7.13922 percent.

The SPNS05092023 series auction won an offer of IDR 600 billion from IDR 3.35 trillion, with a weighted average yield won of 4.86583 percent.

Finally, the absorption of funds was at least appreciated from the auction of the PBSG001 series, which amounted to Rp500 billion, even though there was an incoming offer of Rp1.33 trillion. From the auction, a weighted average yield was determined which was won at 6.60853 percent.