Government to Auction Sukuk Next Week, Targeting Rp10 Trillion
Jakarta - Based on official information from the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, eight series of SBSN will be offered in the auction, consisting of State Sharia Treasury Notes (SPN-S) and Project Based Sukuk (PBS).
According to the DJPPR announcement, the non-competitive purchase allocation is set at a maximum of 99% of the amount won for SPN-S series and a maximum of 30% for PBS series. Meanwhile, the maximum amount that can be won reaches 200% of the indicative target. The underlying asset for the issuance of SPN-S series is State Property (BMN) that has received approval from the Indonesian House of Representatives (DPR RI).
The issuance of PBS series uses projects or activities in the 2026 State Budget (APBN) as well as part of the BMN as underlying assets. The issuance of SPN-S series SBSN uses an Ijarah Sale and Lease Back contract, while the PBS series uses an Ijarah Asset to be Leased contract.
DJPPR revealed that the SBSN auction will be conducted through the auction system of Bank Indonesia as the SBSN Auction Agent. The auction is open with a multiple price method. The auction opens on Wednesday (26/8) at 09.00 WIB and closes at 11.00 WIB. The auction results will be announced on the same day. Meanwhile, the settlement date is set for Friday, 28 August 2026 or T+2.
The eight sukuk being auctioned are:
• SPNS12102026 (reopening) - maturing 12 October 2026, with discount-based return.
• SPNS01032027 (reopening) - maturing 1 March 2027, with discount-based return.
• SPNS25052027 (new issuance) - maturing 25 May 2027, with discount-based return.
• PBS030 (reopening) - maturing 15 July 2028, yield rate 5.87500%.
• PBS040 (reopening) - maturing 15 November 2030, yield rate 5.00000%.
• PBS034 (reopening) - maturing 15 June 2039, yield rate 6.50000%.
• PBS005 (reopening) - maturing 15 April 2043, yield rate 6.75000%.
• PBS038 (reopening) - maturing 15 December 2049, yield rate 6.87500%.