Selective Government in 4Q21 Prime Sukuk Auction. Of the six series offered, the government only absorbed IDR 5 trillion in the Sukuk auction in the early fourth quarter of 2021. Based on the 2021 SBN Issuance Calendar, the government is only targeting to raise IDR 80.7 trillion in 4Q21, or much lower than the 3Q21 realization of more than IDR 260 trillion. On the other hand, bids for this auction are more than IDR 46 trillion, or higher than the previous IDR 45.3 trillion.

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