Last week, the government issued State Sharia Securities (SBSN) or State Sukuk PBS026 (3,4-year) and PBS003 (5,7-year), through a private placement method. This issuance complements the auction of Government Securities (SBN) in May 2021, which only took place twice, namely the Sukuk auction on May 4, 2021, and the auction of Government Securities (SUN) on May 25, 2021, due to the long Idul Fitri holiday. In more detail, PBS026 was issued worth IDR 500 billion, with a reward of 6.625% and a yield of 5.30%. This Sukuk PBS026 will mature on October 15, 2024. Meanwhile, PBS003 was issued worth IDR 250 billion, with a return of 6% and a yield of 5.75%. The PBS003 series will mature on January 15, 2027. For the record, both PBS026 and PBS003 are not series routinely offered in bi-weekly Sukuk auctions such as: PBS027 (2-year), PBS017 (4.4-year), PBS029 ( 12.8-years), PBS004 (15.8-years), and PBS028 (25.4-years).
Download full report HERE.
