The government of Indonesia has been held another auction for SBSN

02 September 2020

Research

The Government of Indonesia has held an auction of SBSN or Sovereign Sharia Securities on September 1, 2020 for SPNS02032021 (New Issuance), PBS027 (Reopening), PBS026 (Reopening), PBS025 (Reopening) and PBS028 The Total Incoming Bids was Rp Meanwhile, the total amount Awarded was the same as the previous SBSN Auction, Namely Rp. 9.5 Trillion. The yield on government bonds on September 1 was 6.86%, growing by 12 bps from August 18, 2020 which was 6.74%. Minister of Finance Sri Mulyani Explained that there are four supporting factors in order to achieve to achieve the 2021 economics growth target of 4.5% - 5.5%. These four factors include handling the Covid-19 Pandemic Successful, including Vaccine Research Efforts. Second, the recovery in global economic performance. Third, Structural Reform Efforts to Increase Business Convenience and Attract Investment. Last, Cyclical Fiscal Policy Support Counter, including the continuous National Economic Recovery Program (PEN). (Investor Daily) Source: Danareksa Sekuritas Debt Researchphoto by Cristiano Firmani On Unsplash