Investor Bids for State Sukuk Auction Reach Rp 32.4 Trillion

Indonesia's Ministry of Finance has announced robust investor interest in its latest state sukuk auction, with total bids reaching Rp 32.47 trillion.

The auction, held on Tuesday, June 30, 2026, offered eight series of Islamic bonds, including Sharia Treasury Bills (SPN-S) and Project Based Sukuk (PBS). The government had set a target to raise Rp 10 trillion, a goal it met by winning Rp 10 trillion in nominal terms from the offered series.

Investor demand was particularly strong for the PBS038 series, which received bids totaling Rp 7.28 trillion. Other highly sought-after series included PBS040 and SPNS12042027, attracting bids of Rp 5.63 trillion and Rp 5.04 trillion, respectively. The weighted average yield for the winning bids ranged from 6.80000 percent to 7.30999 percent, with PBS038 achieving the highest yield at 7.30999 percent.

This level of investor interest marks a significant increase from the previous sukuk auction on June 30, 2026, where total bids amounted to Rp 15.91 trillion. The strong performance in this auction underscores investor confidence in Indonesian government debt instruments, which are crucial for financing the state budget and addressing the projected Rp 689.1 trillion budget deficit for the year.