Government Absorbs IDR 11 Trillion From SBSN Series Six Auction

Illustration. (Photo: Doc. Antara)

JAKARTA - The government absorbed funds of IDR 11 trillion from the auction of six series of state sukuk or State Sharia Securities (SBSN) on March 7, 2023, which received an incoming offer of IDR 19.96 trillion.

Auctions for state sukuk are carried out to meet part of the financing target in the 2023 State Revenue and Expenditure Budget (APBN).

In an official statement quoted by Antara Wednesday, March 8, the six series that were auctioned were the SPNS05092023 (new issuance), PBS036 (reopening), PBS003 (reopening), PBS037 (reopening), PBS034 (reopening), and PBS033 (reopening) through the Bank Indonesia auction system.

The largest absorption of funds came from the auction of the PBS036 series worth IDR 7.05 trillion which received an incoming offer of IDR 9.33 trillion, with a weighted average yield (yield) won by 6.39977 percent.

Then, from the auction of the PBS033 series of Rp1.35 trillion, which received an offer of Rp3.59 trillion, with a weighted average yield won by 7.22981 percent.

From the PBS037 series auction, Rp990 billion was created from an incoming bid of Rp1.33 trillion, with a weighted average yield won of 7.1293 percent.

The highest nominal amount won was then from the auction of the PBS003 series, which was valued at IDR 850 billion, which received an incoming offer of IDR 1.48 trillion. The weighted average yield won from the series auction was 6.50869 percent.

Then from the SPNS05092023 series auction, the funds absorbed amounted to Rp510 billion from an incoming bid of Rp3.5 trillion, with a weighted average yield of 4.87216 percent.

Finally, the government absorbed funds from the PBS034 series of IDR 250 billion from an incoming offer of IDR 744 billion, with a weighted average yield of 7.12 percent.