Business · Markets · 3 hrs ago
Indonesia to auction eight sukuk with Rp10 trillion target
Indonesia plans to auction eight government sukuk on Nov.
3, with an indicative target of Rp10 trillion.
The sale is intended to meet part of the funding needs of the 2026 state budget.
Sukuk are the government’s sharia-compliant securities, offered in short-term and project-based series.
The stated returns range from 5% to 6.875%, depending on the series and its maturity.
Investors must submit bids through approved primary dealers, while Bank Indonesia will run the open auction.
The government can sell more or less than its target, and the results are due on auction day.
Settlement is scheduled for Nov.
5, two working days after the auction.
Indonesia plans to auction eight series of state sukuk on November 3, 2026, with an indicative target of Rp10 trillion.
The auction is intended to meet part of the funding needs of the 2026 state budget.
The offered securities include short-term sharia treasury bills and project-based sukuk.
The highest stated return is 6.875% for PBS038, which matures on December 15, 2049.
Bids must be submitted through primary dealers approved by the Finance Ministry.
- Who
- Indonesia’s government is offering the sukuk; individual and institutional investors may bid through approved primary dealers.
- What
- The government will auction eight sukuk series, with an indicative target of Rp10 trillion.
- When
- The auction is scheduled for November 3, 2026, from 9 a.m. to 11 a.m. Jakarta time.
- Where
- Not stated
- Why
- To meet part of the funding needs of the 2026 state budget.
This story does not have two clearly opposing sides.
The Finance Ministry’s Directorate General of Budget Financing and Risk Management announced details of the sukuk auction.
The auction is scheduled to open at 9 a.m. and close at 11 a.m. Jakarta time, with results to be announced the same day.
Settlement is scheduled for two working days after the auction.
- Number of series
- 8
- Indicative target
- Rp10 trillion
- Highest stated return
- 6.875% for PBS038, maturing December 15, 2049
- Lowest stated return
- 5.000% for PBS040, maturing November 15, 2030
- Auction window
- November 3, 2026, 9 a.m.–11 a.m. Jakarta time
- Settlement date
- November 5, 2026
What people are saying
The instruments offered include series of Sharia Treasury Bills (SPN-S) and Project Based Sukuk (PBS).
In principle, all parties, both individual and institutional investors, may submit purchase bids in the auction. However, in practice, purchase bids must be submitted through Primary Dealers approved by the Ministry of Finance.