The government officially sells the ST-002 Sukuk Savings today (1/11)

SUKUK - JAKARTA. The government officially opens the Sukuk Negara Savings Series ST-002 offering period on Thursday (1/11). Through this offer, the government targets sales of ST-002 to reach Rp 1 trillion.

Finance Minister Sri Mulyani in her speech at Dhanapala Building, Jakarta, confirmed the target. The value of the sales target is the same as the sales target of the SBR004 Savings Bond Retail series released in mid-August.

Just for the record, the government will offer ST-002 until November 22. This instrument has a coupon of 8.30% and is floating with the floor so that it can adjust changes in the direction of the benchmark interest rate.
She is optimistic that the ST-002 sales target can be achieved just like the sales of previous retail bond instruments. "Investor interest in the instrument should be high because the minimum order is smaller, which is Rp 1 trillion," she explained.

So far, the government has carried out the issuance of Retail Government Securities (SBN) worth Rp 41.07 trillion from the sale of retail Sukuk series SR0010, SBR003, SBR004, and Retail Government Bonds ORI015 series.

Director of Government Bonds, Directorate General of Financing and Risk Management at the Ministry of Finance, Loto Srinaita Ginting, said that the achievement of SBN issuance exceeded the government's target for this year of Rp 30 trillion.

However, this amount is not enough to cover the payment needs of retail SBN that are due this year, worth Rp 55 trillion. "So it's still negative from the supply side," he added. (Translator: Barratut Taqiyyah Rafie)