The Indonesian government will hold an auction of Syariah State Securities (SBSN) or State Sukuk on Tuesday, April 5, 2022.
The SBSN series to be auctioned are the SPN-S (State Treasury Securities-Syariah) and PBS (Project Based Sukuk) series to fulfill part of the 2022 State Budget financing target.
The following is a list of Sukuk to be auctioned on April 5, 2022, along with their maturity dates and yields:
* SPN-S 04102022: maturity date October 10, 2022, discount yield
* PBS031: maturity date July 15, 2024, yield 4.00%
* PBS032: maturity date July 15, 2026, yield 4.875%
* PBS029: maturity date March 15, 2034, yield 6.375%
* PBS034: maturity date June 15, 2039, yield 6.5%
* PBS033: maturity date June 15, 2047, yield 6.75%
The auction will open on Tuesday, April 5, 2022, at 09.00 WIB and close at 11.00 WIB. The auction results will be announced on the same day.
Settlement will be implemented on Thursday, April 7, 2022, or two business days after the auction date (T+2).
The SBSN auction will be conducted using the Bank Indonesia auction system. This auction is an open auction and uses a multiple price method.
"In principle, all parties, both individual and institutional investors, can submit bids in the auction," explained the Directorate General of Financing and Risk Management of the Ministry of Finance on its official website, Tuesday (March 29).
"However, in practice, bid submissions must be made through Primary Dealers who have been approved by the Ministry of Finance," it continued.
The SPN-S series SBSN will be issued using the Ijarah Sale and Lease Back contract based on Fatwa No. 72/DSN-MUI/VI/2008 of the National Sharia Board of the Indonesian Ulema Council (DSN-MUI).
Meanwhile, the PBS series SBSN uses the Ijarah Asset to be Leased contract based on Fatwa No. 76/DSN-MUI/VI/2010 of the DSN-MUI.
(Also Read: [February 2022 State Sukuk Auction Results Reach Rp11 Trillion](https://databoks.katadata.co.id/datapublish/2022/02/09/hasil-lelang-sukuk-negara-februari-2022-capai-rp11-triliun))