Indonesia Raises IDR 5.1 Trillion in Sukuk Auction 

The Indonesian government has raised IDR 5.1 trillion (USD 347.29 million) in a Sukuk auction held on the 14th of June 2022, according to the Ministry of Finance.

Why it Matters?

The amount raised fell short of an indicative target of IDR 9 trillion, with total incoming bids amounting to IDR 15.13 trillion, compared to IDR 20.21 trillion in the preceding Sukuk auction conducted on the 31st of May 2022. When compared to similar notes in the previous auction, the Sukuk had a greater yield.

Details

On the 25th of May 2022, Indonesia sold USD 3.25 billion worth of 5-year and 10-year US dollar-denominated Sukuk in the country's largest global Sukuk issuance. In 2021, Indonesia raised USD 3 billion in 5-year and 10-year Su...