Business · Markets · 4 hrs ago
Indonesia Raises Rp16.65 Trillion in Government Sukuk Auction
Indonesia received Rp28.55 trillion in bids in an auction of eight government sukuk series on November 3, 2026.
Sukuk are financial instruments that comply with Islamic principles and are issued by governments to raise funds.
The government accepted Rp16.65 trillion, above its indicative auction target of Rp10 trillion.
The money will help finance development needs in Indonesia’s 2026 state budget.
Most bids were for short-term sukuk, and one series drew bids more than 15 times the amount offered.
Yields on the longer-term sukuk reached about 7%, with the highest at 7.71213%.
The auction results are set; the funds are intended for the 2026 budget.
Indonesia raised Rp16.65 trillion in a government sukuk auction on 3 November 2026.
Investors submitted Rp28.55 trillion in bids, against an indicative target of Rp10 trillion.
The auction offered eight sukuk series, and the proceeds will help finance development needs in the 2026 state budget.
Short-term sukuk attracted most of the bids, with SPNS16122026 receiving Rp7.631 trillion.
The highest weighted average yield among the longer-term series was 7.71213% for PBS038.
- Who
- Indonesia’s Ministry of Finance conducted the auction.
- What
- The government raised Rp16.65 trillion through an auction of eight sukuk series.
- When
- 3 November 2026.
- Where
- Indonesia.
- Why
- To finance development needs in the 2026 state budget.
This story does not have two clearly opposing sides.
Investors submitted bids in an auction of eight government sukuk series.
The government awarded Rp16.65 trillion in sukuk.
- Total raised
- Rp16.65 trillion
- Total bids
- Rp28.55 trillion
- Indicative target
- Rp10 trillion
- Series offered
- 8
- Highest yield
- 7.71213% for PBS038
What people are saying
The Minister of Finance set the total nominal amount awarded from the eight series offered at Rp16.65 trillion