TEMPO.CO, Jakarta - The Indonesian government, through the Ministry of Finance, will auction eight series of Sovereign Sharia Securities (SBSN) or State Sukuk on Tuesday, June 2, 2026. The goal of the auction is to raise Rp12 trillion.
Citing the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, the auctioned SBSN series are SPN-S (Sharia Treasury Bills) and PBS (Project Based Sukuk). There are eight series that will be auctioned, including SPNS13072026 (reopening), SPNS23112026 (reopening), and SPNS01032027 (new issuance). The three series have discount yields.
In addition, there are series PBS030 (reopening), PBS040 (reopening), PBS034 (reopening), PBS005 (reopening), and PBS038 (reopening). The PBS038 series offers the highest yield, 6.87500 percent, while the series offering the lowest yield is PBS040, worth 5 percent.
Based on DJPPR data, interest among investors in previous state sukuk auctions has plummeted drastically. The total bids in the SBSN auction on May 19, 2026, reached only Rp18.79 trillion, a decrease from Rp21.19 trillion reached in the May 5, 2026, auction.
The figure continues to decline compared to previous sukuk auctions or on April 21, 2026. At that time, the total value of the incoming bids reached Rp33.5 trillion, prompting the government to accept Rp15 trillion.
The auction's purpose is to meet part of the financing target in the State Revenue and Expenditure Budget (APBN) 2026. The maximum that can be accepted may reach 200 percent, with an indicative target of Rp12 trillion.
The government bond offering is part of budget financing and also covers this year's APBN deficit, which is targeted to reach Rp689.1 trillion. Based on the state budget law for the 2026 fiscal year or State Budget Law Number 17 of 2025, this year's debt financing is targeted at Rp 832.2 trillion. This figure represents an increase compared to last year's target of Rp775.9 trillion.
Read: Some Banks Sell US Dollar Over Rp18,000 as Rupiah Continues to Fall
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