The government only absord sukuk Rp200 billion

BI

Irvin Avriano (21)

Bisnis Indonesia

The government only absord sukuk Rp200 billion

JAKARTA: The government absorbs demand of sharia state securities (SBSN / sukuk state) just worth Rp200 billion through auction today due to the yield that asked by the auctioners was too high.

Syariah Financing Director - Ministry of Finance Dahlan Siamat said the government just released a series of government sukuk series of IFR0003. According to him, competitive bidders get the country moving sukuk as much as Rp140 billion, while the noncompetitive participants of Rp60 billion.

"It shows the participants were interested series of short tenured securities," he said when contacted by Bisnis.com this afternoon.

He explained besides the IFR0003 that tenured for 6 years, the government also auctioned off a series IFR0004 tenured 11 years and 15 years series IFR0005 with the indicative target of Rp1, 5 trillion.

"But it shows the level correction request from bidders yield compared with sukuk auction two weeks ago." At first auction and IFR0003 sukuk IFR0005 two weeks ago, the government have as much demand for Rp5, 08 trillion, and not released to the bidders sukuk at all.

According to him than the total bid came in at the auction, bidders bid IFR0003 series worth Rp1, 42 trillion, IFR0004 series worth Rp1, 13 trillion, and IFR0005 series worth Rp1, 61 trillion.