Government Wins IDR 6 Trillion. The government won the auction of State Sharia Securities (SBSN) or State Sukuk last Tuesday worth Rp 6 trillion or below the indicative target set at Rp 7 trillion. The series offered are SPNS10012023 (new issue), PBS031 (reopening), PBS032 (re-opening), PBS029 (re-opening), PBS034 (re opening) and PBS033 (re -opening). The total offering of state sukuk reached Rp 12.8 trillion. In more detail, PBS031 is the state sukuk series with the highest entry offer reaching Rp 8 trillion.

Corporate Bonds
Spindo (ISSP) Issues Shelf-Registered Bonds and Sukuk. PT Steel Pipe Industry of Indonesia Tbk (ISSP) will issue corporate debt securities with a total value of IDR 300 billion. ISSP will issue Shelf Registration Bonds I Phase II Year 2022 with a principal amount of IDR 150 billion. Along with the issuance of the bonds, Spindo will also issue Sustainable Sukuk Ijarah Phase II Year 2022, with the remaining ijarah fee of IDR 150 billion. (Kontan)

Domestic Issue
State Sukuk Auction, Government Gains IDR 6 Trillion. The government gained IDR 6 trillion from the auction of State Sharia Securities (SBSN) or State Sukuk on Tuesday. The government conducts SBSN auctions for series SPNS10012023 (new issuance), PBS031 (reopening), PBS032 (reopening), PBS029 (reopening), PBS034 (reopening) and PBS033 (reopening). The total incoming state sukuk offers reached IDR 12.7 trillion. PBS031 is the sovereign sukuk series with the most offers, reaching IDR 8 trillion. (Kompas)

BI’s RDG, which is a week earlier than the FOMC meeting, makes investors tend to wait and see. Apart from waiting for data on US inflation in June at the consumer and producer levels, which are projected to remain high, investors’ wait-and-see attitude is watching developments on a number of BI RDG issues on the third Thursday of the next week. On the other hand, the potential for US inflation to remain high, has the chance to make the Fed raise the FFR between 50 bps – 75 bps at the end of July.

Download full report HERE.