Investor Bids for State Sukuk Auction Reach Rp 32.4 T

The Ministry of Finance announced the results of the auction for eight series of State Sharia Securities (SBSN) or State Sukuk on Tuesday, 30 June 2026. Total incoming bids from this week’s sukuk auction amounted to Rp 32.47 trillion. The ministry targeted fresh funds of Rp 10 trillion in this bond auction. “The Minister of Finance has set the total nominal amount won from the eight series offered at Rp 10 trillion,” according to the Directorate General of Financing and Risk Management’s website on Wednesday, 15 July 2026. The SBSN series auctioned were the SPN-S (State Sharia Treasury Bills) and PBS (Project Based Sukuk) series. These included SPNS08092026 (reopening), SPNS03022027 (reopening), SPNS12042027 (new issuance), PBS030 (reopening), PBS040 (reopening), PBSG002 (reopening), PBS034 (reopening) and the PBS038 (reopening) series. The most sought-after series was PBS038, with incoming bids of Rp 7.28 trillion, followed by PBS040 and SPNS12042027 with bids of Rp 5.63 trillion and Rp 5.04 trillion respectively. The highest weighted average yield won was 7.30999 percent for the PBS038 series and 7.30777 percent for the PBS034 series. The average yield in this auction ranged from 6.80000 percent to 7.30999 percent. Investor interest in this auction rose by Rp 16.56 trillion compared to the previous auction. In the previous sukuk auction on 30 June 2026, total incoming bids were only Rp 15.91 trillion and the government decided to absorb Rp 10 trillion. The government bond offering is part of budget financing and also covers this year’s state budget deficit, which is targeted to reach Rp 689.1 trillion. Based on the 2026 fiscal year state budget law, or UU APBN number 17 of 2025, this year’s debt financing is targeted at Rp 832.2 trillion. This figure is up compared to last year’s target of Rp 775.9 trillion.