The results of the Sukuk auction recorded an incoming bid of IDR 19.9 trillion. The government offers a total of six SBSN series consisting of 1 sharia state treasury note (SPN-S) and five project based sukuk (PBS). Meanwhile, the value this time is slightly higher than the result of the bid at the previous auction of IDR 14.5 trillion. In more detail, the highest number of incoming bids was in the PBS027 series valued at IDR 7.6 trillion, with a weighted average yield of 4.82% and a nominal value of IDR 6.45 trillion (bid to cover ratio 1.19x).
Filma Cooking Oil Producer Issued IDR 1.5 Trillion Bonds. Sinar Mas Group cooking oil producer, Sinar Mas Agro Resources and Technology Tbk. (SMAR), plans to issue bonds worth IDR 1.5 trillion. SMAR plans to issue sustainable bonds III SMART Phase I in 2021 to be issued in 3 series with details of series A having a 370-day tenor, series B with a 3-year tenor, and series C with a 5-year tenor. Meanwhile, this bond is part of the Public Offering of the Sustainable Bonds III of SMART with a target fund raised of IDR 5 trillion. The bonds are not guaranteed with special guarantees and have received an A + rating from the Indonesian Securities Rating Agency (Pefindo). The initial offering period of the bonds is planned for 4-21 May 2021, the public offering period is on 3-7 June 2021, the allotment date of 8 June 2021, and the date of listing of securities on the Indonesia Stock Exchange on 11 June 2021. (Bisnis Indonesia)
PMI Global and National Again Print Records. The global manufacturing Purchasing Managers’ Index (PMI) which was recorded at 55.8 resumed its strengthening and reached its highest figure since April 2010. In line with global terms, Indonesia has also continued strengthening and again recorded its highest record since the survey was conducted. Meanwhile, the Global PMI increased due to solid growth in new orders, new export business and employment. Europe and the US posted very strong manufacturing performances driven by growth in new orders in line with rising demand. (Kontan)
Market Players Await Indonesia’s GDP Data. Investors will pay close attention to the release of Indonesia’s GDP data for the 1Q21 period, with the projected market still in a contractionary state of 0.87% YoY. This means that Indonesia’s economic contraction will occur in the last four quarters or exactly a year, which makes Indonesia still in the brink of economic recession. In the short term, investors are paying close attention to FR0086 and FR0087. As well as FR0083, which still recorded a yield above the 7% level.