Auction Of Six Series Of State Sharia Securities, Government Absorbs IDR 1.89 Trillion

JAKARTA - The government absorbed IDR 1.89 trillion in funds from the auction of State Sharia Securities (SBSN) or State Sukuk on October 18, 2022. The amount came from an incoming offer of IDR 6.4 trillion.

In an official statement quoted by Antara, the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance reported that the auction was conducted for six SBSN series, namely SPNS04042023, PBS036, PBS003, PBSG001, PBS029, and PBS033 through the Bank Indonesia (BI) auction system.

The largest amount of funds absorbed came from the PBS029 series, namely IDR 550 billion, which received an entry offer of IDR 2.36 trillion, which was also the largest nominal offer, with a yield or weighted average yield of 7.56 percent.

Furthermore, the largest fund was obtained from the PBSG001 auction worth IDR 525 billion, which received an offer of IDR 1.65 trillion, with a weighted average yield of 6.73 percent won.

From PBS036, IDR 495 billion of funds were absorbed from incoming offers worth IDR 1.34 trillion, with a weighted average yield of 6.19 percent won.

Then IDR 210 billion was received from the PBS033 entry bid of IDR 267.2 billion, so the weighted average yield won was 7.51 percent.

From the PBS003 auction, which received an offer worth IDR 476 billion, IDR 110 billion was obtained, with a weighted average yield of 6.93 percent won. Meanwhile, from the SPNS04042023 auction, the government decided not to absorb the funds even though there was an offer of IDR 300 billion.

As a follow-up to the SBSN auction on October 18, 2022, and in accordance with the Minister of Finance Regulation (PMK) Number 195/PMK.08/2020 and PMK Number 38/PMK.02/2020, the government will conduct an additional SBSN auction (Green Shoe Option) on Wednesday, October 19, 2022, at 09.00-10.00 WIB.

The series offered in this additional auction are PBS036, PBS003, PBSG001, PBS029, and PBS033, each with a weighted average yield value won equal to the amount of the main auction.

The additional auction may be participated by BI, the Deposit Insurance Corporation (LPS) and/or the main dealer who submits a purchase offer in the SBSN auction on October 18, 2022.