The Government Issues Another Private Placement 1 of Rp. 4 Trillion

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The government through the minister of finance has conducted again a private placement for the issuance of State Sharia Securities (SBSN). According to them, the prepared figure is Rp. 4 trillion.

This news was confirmed by an official statement on the website of the Directorate General of Financing and Risk Management at the Ministry of Finance on Wednesday (27/4/2022). The government has issued 1 SBSN series utilizing Private Placement since April 15, 2022.

The SBSN series issued is of the PBS033 type which will mature on June 15, 2047. The yield offered for the sovereign Sukuk is 6.88 percent with a fixed coupon type.

“The payment of benefits is carried out every six months, namely every June 15 and December 15 every year,” the official statement said.

Previously, the government had also conducted a private placement of SBSN worth Rp. 500 billion.

The SBSN series issued is of the PBS003 type which will mature on January 15, 2027. The coupon rate offered for the sovereign Sukuk is 6.0 percent with a fixed coupon type.

Meanwhile, the yield given is 5.21 percent. Benefits are paid every January 15 and July 15.

At the end of last year, the government also issued 4 series of SUN worth Rp157 trillion utilizing Private Placement to Bank Indonesia.

Today’s issuance of SUN is the second transaction in the context of implementing the SKB III.

The four SUNs issued are of the variable rate (VR) type, including the VR0070 series which matures on December 30, 2026, with an issuance value of Rp. 40 trillion. The second series, VR0071 was issued for Rp. 40 trillion with a maturity date of December 30, 2027.

Furthermore, the VR0072 series was also issued for Rp. 40 trillion with a maturity date of December 30, 2028.

Finally, the VR0073 series with a maturity date of 30 December 2029 was issued in the amount of Rp. 37 trillion.

The coupon rate offered for the four series of SUN is the Reverse Repo Bank Indonesia Interest Rate for a tenor of 3 (three) months. The coupons for the first three months are each in a series of 3.05063 percent.