JAKARTA - The government will conduct an auction of State Sharia Securities (SBSN) or State Sukuk on Tuesday, November 21, 2023.
In this auction, the government set an indicative target of IDR 9 trillion.
Reporting from the website of the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, there are six SBSN series to be auctioned, namely one series of State-Syariah Treasury Letters (SPN-S) and five series of Project Based Sukuk (PBS).
At this auction, the PBSG001 series was offered again, which is a green sukuk series offered through an auction in the domestic primary market.
The issuance of the Green Sukuk series through this auction complements the Green Sukuk issuance program which has been carried out 5 times in the global market since 2018 and 5 times in the domestic market through retail green sukuk since 2019.
The PBSG001 series can also be used to support the RPIM (Macropudential Influential Financing Ratio) program for Conventional Commercial Banks, Sharia Commercial Banks, and Sharia Business Units.
Funds obtained in this auction will be used by the government to meet part of the financing target in the 2023 State Budget.
Here are the six SBSN series that will be auctioned off on Tuesday, November 7, 2023:
1. SPN-S 07052024 (new issuance) which matures on May 7, 2024 in exchange for discounts.
2. PBS036 which matures on August 15, 2025 in exchange for 5.37 percent.
3. PBS003 which matures on January 15, 2027 in exchange for 6 percent.
4. PBSG001 which matures on September 15, 2029 in exchange for 6.62 percent.
5. PBS037 which matured on March 15, 2036 in exchange for 6.87 percent.
6. PBS033 which matures on June 15, 2047 in exchange for 6.75 percent.
The SBSN auction opens on Tuesday, November 21, 2023 at 09.00 WIB and closes at 11.00 WIB.
The results of the auction will be announced on the same day and the schedule date falls on Thursday, November 23, 2023 or 2 working days after the auction date.
The SBSN auction will be carried out using an auction system organized by Bank Indonesia as an SBSN Auction Agent.
The auction is open (open auction) and uses a multi-multile price method.
The auction winners who bid for competitive purchases will pay according to the submitted yield.
VOIR éGALEMENT:
The auction winner who submits a non-competitive purchase offer will pay according to the weighted average yield (weighted average yield) from a competitive purchase offer that is declared victorious.
In addition, the SBSN SPN-S series auction will be issued using the Ijarah Sale and Lease Back contract based on the fatwa of the Indonesian Ulema Council (DSN-MUI) number 72/DSN-MUI/VI/2008.
Meanwhile, SBSN PBS series uses the Ijarah Asset to be Leated contract based on the DSN-MUI fatwa number 76/DSN-MUI/VI/2010.
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