Bismillah, Government Issues IDR 4 Trillion SBSN Sharia Debt Instruments With Private Placement Scheme

Illustration (Photo: Doc. Antara)

JAKARTA - The government through the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance is said to have issued State Sharia Securities (SBSN) by way of a private placement of Rp4.01 trillion earlier this week.

In a press statement received by VOI today, it is known that the bonds are series PBS-003 with tradable status or tradable.

"The SBSN PBS-003 series provides a fixed rate of 6.75 percent with a maturity date of June 15, 2047," stated the DJPPR broadcast on Tuesday, March 29.

Meanwhile, the payment of rewards or coupons is made every six months, namely every June 15 and December 15 every year.

"The date of payment of the first benefit will be June 15, 2022 and the date of payment of the last benefit June 15, 2047," reads the release.

For information, as of January 31, 2022, the total government debt was recorded at Rp 6,919.15 trillion. Of this figure, 87.90 percent of them or Rp 6,081.68 trillion are in the form of Government Securities (SBN).

This SBN consists of two kinds. First, domestic SBN Rp4,818.84 trillion, of which Rp829.98 trillion is local market SBSN.

Then the second type of SBN is foreign currency amounting to IDR 1,262.84 trillion with a value of IDR 284.02 trillion for foreign SBSN.

Then, the government debt is in the form of loans of Rp. 837.46 trillion, of which Rp. 13.47 trillion is domestic loans and Rp. 823.99 trillion of foreign loans.