The Government last week reported a 2.38% oversubscribed demand for bonds auctioned on Jan. 3. This reflects the growing appetite of investors as they have positive views on Indonesia’s economic development, prompting them to build up their investment in Indonesia. The incoming bids of said bonds reached Rp86.2 trillion, but the Government only raised Rp25.5 trillion. Government will today offer Islamic bonds (syariah/sukuk), targeting to raise Rp8 trillion funds. Per January 4, 2018, outstanding sukuk reached Rp343 trillion or 16.5% of total outstanding government’s bonds (Rp2,083.98 trillion).
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