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MINISTRY OF FINANCE OF THE REPUBLIC OF INDONESIA
DIRECTORATE GENERAL OF BUDGET FINANCING AND RISK MANAGEMENT
FRANS SEDA BUILDING 2nd FLOOR, JALAN DR. WAHIDIN RAYA NO. 1, JAKARTA 10710
TELEPHONE 021 – 3505052 EXT 2203/2235; FAX 021 – 34834635; WEBSITE www.djppr.kemenkeu.go.id
PRESS RELEASE
Sovereign Sharia Securities Auction Plan on Tuesday, October 6, 2026
Jakarta, September 29, 2026 - The Government will conduct a Sovereign Sharia Securities, hereinafter referred to as
SBSN or Sovereign Sukuk Auction on Tuesday, October 6, 2026. The auction is held in accordance with the Regulation
of the Minister of Finance Number 195/PMK.08/2020 concerning the Auction of Sovereign Sharia Securities in The
Domestic Primary Market as amended by the Regulation of the Minister of Finance Number 65 Of 2026 (PMK SBSN
Auction in The Domestic Primary Market). The SBSN to be auctioned are SPN-S (Surat Perbendaharaan Negara-Syariah)
and PBS (Project Based Sukuk) series to finance 2026 State Budget. Below are terms and conditions of the SBSN to be
auctioned:
Sovereign Sharia Securities Series
Terms &
Conditions SPNS23112026 SPNS12042027 SPNS07062027 PBS030 PBS040 PBSG002 PBS034 PBS038
(reopening) (reopening) (reopening) (reopening) (reopening) (reopening) (reopening) (reopening)
Maturity November 23, April 12, July 15, November October June 15, December
Date June 7, 2027
2026 2027 2028 15, 2030 15, 2033 2039 15, 2049
Coupon At discount At discount At discount 5.87500% 5.00000% 5.62500% 6.50000% 6.87500%
Underlying
Asset Projects in State Budget 2026 and State Owned Assets
Auction October 6, 2026
Date
Settlement October 8, 2026
Date
Non-
Competitive Maximum 99% of the awarded Maximum 30% of the awarded
Allocation
Indicative
Rp10,000,000,000,000.00
Target
Maximum
200% of the indicative target
Target
Registered 1. Primary Dealers:
Auction
Participants PT. Bank Mandiri (Persero), Tbk., PT. Bank Rakyat Indonesia (Persero), Tbk., PT. Bank Negara Indonesia (Persero),
Tbk., PT. Bank Permata, Tbk., PT. Bank Panin, Tbk., PT. Bank HSBC Indonesia, PT. Bank OCBC NISP, Tbk., Standard
Chartered Bank, PT. Bank CIMB Niaga, Tbk., PT. Bank Maybank Indonesia, Tbk., Citibank N.A, PT. Bank Central Asia,
Tbk., Deutsche Bank AG, PT. BRI Danareksa Sekuritas, PT. Mandiri Sekuritas, PT. Trimegah Sekuritas Indonesia, Tbk,
PT. Bahana Sekuritas, PT. Bank Syariah Indonesia Tbk.
2. Indonesia Deposit Insurance Corporation (IDIC);
3. Bank Indonesia
The auction will be held using the auction system organized by the Central Bank of Indonesia (BI) as SBSN Auction
Agent. It is an open auction using multiple price method. Basically, all parties, individual or institutional investors, can
subscribe their bids. But the bids shall be submitted through Registered Auction Participants authorized by Ministry of
Finance.
The Registered Auction Participants, BI, and IDIC can submit their bids with reference to the PMK SBSN Auction in
Domestic Primary Market Auction.
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The auction winner who’s submitting the competitive bids will pay according to the proposed yield. The auction winner who’s submitting non-competitive bids will pay according to the weighted average yield of the awarded competitive bids. The Government has the right to sell the SBSN series more or less than the indicative amount. The auction will be opened on Tuesday, October 6, 2026, at 09.00 a.m. and closed at 11.00 a.m. The result will be announced on the same day. Settlement will be held on October 8, 2026 or 2 working days after the auction date (T+2). The regulation about the auction, including settlement calculation are stated in the PMK SBSN Auction in The Domestic Primary Market and Regulation of the Director General of Budget Financing and Risk Management Number 6/PR/2020 concerning Submission Procedures of Purchase Offer and Settlement Price Calculation for Issuance of Sovereign Sharia Securities in Rupiah denominated in the Domestic Primary Market. SPN-S will be issued using Ijarah Sale and Lease Back structure, based on Fatwa National Sharia Board– Indonesian Council of Ulama (DSN-MUI) number 72/DSN-MUI/VI/2008. PBS series will be issued using Ijarah Asset to be Leased structure, based on Fatwa DSN-MUI number 76/DSN-MUI/VI/2010. The underlying asset for SPN-S is in the form of State Owned Assets which is approved by the House of Representatives and has met the requirements stated in Article 2 section 4 of the Regulation of the Minister of Finance Number 99/PMK.08/2021 concerning Amendments to the Regulation of the Minister of Finance Number 205/PMK.08/2017 on Use of State Owned Assets As The Basis For The Issuance Of Sovereign Sharia Securities. The underlying asset of PBS series are in the form of projects/activities listed in 2026 State Budget which has been approved by the House of Representatives on Law Number 17 Of 2025 on State Budget Fiscal Year 2026, and in a form of State Owned Assets. The issuer of SBSN is Issuing Entity SBSN Indonesia which is a legal entity established based on Law Number 19 Of 2008 on The Sovereign Syariah Securities and by Government Regulation number 57 Of 2008 specifically established to issue Sovereign Sharia Securities. Further Information: Directorate of Islamic Financing Directorate General of Budget Financing and Risk Management Ministry of Finance of Indonesia Phone: Call Center Kemenkeu PRIME 134 Ditandatangani secara elektronik Fax: (021) 3510728 Dokumen ini telah ditandatangani menggunakan sertifikat elektronik yang diterbitkan oleh Balai Besar Sertifikasi Elektronik (BSrE), BSSN. Untuk memastikan keaslian tanda tangan elektronik, silakan pindai QR Code pada laman https://satu.kemenkeu.go.id atau unggah dokumen pada laman https://tte.komdigi.go.id/verifyPDF
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