INDONESIA: The Indonesian finance ministry has concluded its 21st April Sukuk auction which received IDR18.84 trillion (US$1.2 billion) in bids, exceeding its IDR7 trillion (US$447.21 million) target, according to a statement. The government issued a total of IDR9.98 trillion (US$637.6 million)-worth of papers comprising six reopenings with tenors ranging from six months to 17 years.
Separately, the Indonesian finance ministry also conducted a greenshoe option Sukuk auction on the 22nd April, receiving IDR6.33 trillion (US$404.41 million) in bids for four papers.
According to the tender results, a total of IDR4.02 trillion (US$256.83 million)-worth of Sukuk were issued. In a another statement, the government also confirmed that it will be conducting an early redemption of its savings Sukuk series ST004. To be settled on the 11th May 2020, the maximum value for early redemption has been capped at 50% for every purchase and limited to investors with a minimum of two Sukuk units or IDR2 million (US$127.78)-worth of papers.