The government absorbs IDR 2.66T from Green Shoe Option. Data from DJPPR states that the Government has succeeded in absorbing fresh funds of IDR 2.66 trillion from the auction of State Sharia Securities (SBSN / Sukuk). Meanwhile, the Green Shoe Option auction was conducted for five Sukuk series, namely: PBS36, PBS3, PBS29, PBS34 and PBS33.
Corporate Bonds
KIJA Signs USD 100 Million Credit. PT Kawasan Industri Jababeka Tbk (KIJA), signed a credit of USD 100 million with PT Bank Mandiri (Persero) Tbk (BMRI). The funds will be used for debt and bond refinancing. (Investor Daily)
Domestic Issue
Government Has Issued Gross SBN 78% of the Target. The realization of the gross issuance of Government Securities (SBN) until the end of September 2022 has reached 78% of the issuance target of IDR 961.4 trillion. Furthermore, the government has issued gross SBN of around IDR 749.89 trillion up to that period. This makes the performance of the State Revenue and Expenditure Budget (APBN) as well as efforts to reduce debt financing, the debt ratio at the end of 2022 is estimated at the level of 38% to 40% of Gross Domestic Product (GDP). (Kontan)
Recommendation
Rupiah volatility makes investors wait and see. Investors are watching the wide volatility of the rupiah, which had appreciated to the level of IDR15,100/USD yesterday, or strengthened almost 1% from the previous day which had depreciated to the level of IDR15,300/USD, ahead of the release of Cadev data tomorrow. The latest data shows that Cadev in August was valued at USD132.2 billion or relatively the same from the previous month, indicating a potential for capital inflows to Indonesia amid the sentiment of strengthening USD.
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