Intending to meet part of the financing target in the 2022 State Budget, the Government plans to hold an auction of State Sharia Securities (SBSN) or State Sukuk which will be held on Tuesday (19/4/2022) tomorrow.
Based on data from the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, Monday (4/18/2022) the series to be auctioned are 1 series of State Treasury Letters – Sharia (SPN-S) and 5 series of Project-Based Sukuk (PBS).
The series are SPN-S 04102022 (reopening), PBS031 (reopening), PBS032 (reopening), PBS030 (reopening), PBS029 (reopening), and PBS033 (reopening).
The indicative target of the Sukuk auction on March 22, 2022, is set at IDR 9 trillion. Meanwhile, the government allocated non-competitive purchases of 50 percent of the amount won for the SPN-S series and 30 percent of the amount won for the PBS series.
Furthermore, Sukuk auction results in 2022 tend to decline until the end of March. In the inaugural SBSN auction held on January 11, 2022, the government managed to collect bids of Rp. 55.34 trillion. Of this amount, the government won as much as Rp. 11 trillion.
The number of bids at this initial auction is also the highest figure for a 2022 Sukuk auction so far.
The bidding proceeds then decreased in the January 25, 2022 edition of the auction. At that time, the government collected bids of Rp. 38.29 trillion and absorbed Rp. 11 trillion of them.
Furthermore, on the 8th February auction, the number of re-bid bids decreased after the government collected Rp. 29.38 trillion. From this figure, the government won as much as Rp. 11 trillion.
The auction results on February 22, 2022, increased after collecting bids of Rp. 33.5 trillion. Of this amount, the government decided to absorb funds amounting to Rp9 trillion.
The decrease in bidding occurred again in the March 8 edition of the auction with a yield of Rp. 15.3 trillion and absorption of Rp. 6.2 trillion. Furthermore, the March 22 auction recorded the lowest bid so far, amounting to Rp13.38 trillion.
Meanwhile, the Sukuk auction on April 5, 2022, recorded an increase after collecting bids of Rp. 18.1 trillion and absorption of Rp. 8.15 trillion.