Updated 1: Indonesia government issues regular sukuk

The Government of Indonesia conducted a regular sukuk auction last week and

absorbed IDR1.98 trillion from incoming bid amounting IDR3.25 trillion,

slightly lower than indicative target of IDR2 trillion. Average weighted

yields were 18 bps higher for 6-months T-bills but 4 bps lower for PBS07

(maturing in 2040) respectively than prior auction result dated on 10

March. Government also issued IDR2.7 trillion PBS06 by private

placement to Indonesia Deposit Insurance Corporation. At this moment,

the government has issued a total of IDR170.16 trillion year-to-date out

of annual gross target of IDR452 trillion (budget revision).

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