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JAKARTA. Government to absorb the funds amounting to Rp 2.175 trillion in the auction of the State Islamic Securities (SBSN) or state sukuk held today (14/2).
Site Directorate General of State Debt Management, Ministry of Finance said the bids of approximately Rp 7.05 trillion, or more than seven times oversubscribed than the indicative target of only Rp 1 trillion. Along the high bid, then pemeintah absorb any larger than the initial target, amounting to Rp 2.175 trillion.
Meanwhile, the results of auctions of five sukuk series states, absorbed only 3 series of government, among others PBS001 tenured 4-year series, with a value of Rp 25 billion. Then, the series PBS003 tenured 15 years, with the absorption of Rp 100 billion, and the series PBS004 absorbed 25-year tenure at Rp 2.05 trillion.
Managing Research Indosurya Asset Management, said Reza Priyambada, auction state sukuk this time is fairly crowded. Reza said, sukuk usually auctions, most of the approximately four times oversubscribed. He saw high demand for sukuk in this auction, because it affected the positive sentiment of hectic auction of government securities at the beginning of last week. "MI mutual funds into the possibility of sukuk this country," he said on Tuesday (14/2).
Reza continued, the SPN-S series and series that are not absorbed PBS002 government, because of the possibility that the average yield offered investors are still too high.
At the close of trading on Monday (13/2), yield to the series in the closed position PBS002 only 5.39%. Moreover SPN-S series which offers the lowest level just 3.71%. "In fact, at the close yesterday, the yield of SPN-S series in the level of 2%-an," he explained.
Reza says, with the burgeoning interest in sharia-based government bonds, the trend is likely to affect the price increase and decrease the overall yield of government bonds at the close today, though probably not too significant.
For the record, post-auction sukuk, today (14/2), an index of the Inter Dealer Market Association (IDMA), the benchmark government bond prices, rose to 116.19 from 116.17 the previous day.
source: http://investasi.kontan.co.id
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Site Directorate General of State Debt Management, Ministry of Finance said the bids of approximately Rp 7.05 trillion, or more than seven times oversubscribed than the indicative target of only Rp 1 trillion. Along the high bid, then pemeintah absorb any larger than the initial target, amounting to Rp 2.175 trillion.
Meanwhile, the results of auctions of five sukuk series states, absorbed only 3 series of government, among others PBS001 tenured 4-year series, with a value of Rp 25 billion. Then, the series PBS003 tenured 15 years, with the absorption of Rp 100 billion, and the series PBS004 absorbed 25-year tenure at Rp 2.05 trillion.
Managing Research Indosurya Asset Management, said Reza Priyambada, auction state sukuk this time is fairly crowded. Reza said, sukuk usually auctions, most of the approximately four times oversubscribed. He saw high demand for sukuk in this auction, because it affected the positive sentiment of hectic auction of government securities at the beginning of last week. "MI mutual funds into the possibility of sukuk this country," he said on Tuesday (14/2).
Reza continued, the SPN-S series and series that are not absorbed PBS002 government, because of the possibility that the average yield offered investors are still too high.
At the close of trading on Monday (13/2), yield to the series in the closed position PBS002 only 5.39%. Moreover SPN-S series which offers the lowest level just 3.71%. "In fact, at the close yesterday, the yield of SPN-S series in the level of 2%-an," he explained.
Reza says, with the burgeoning interest in sharia-based government bonds, the trend is likely to affect the price increase and decrease the overall yield of government bonds at the close today, though probably not too significant.
For the record, post-auction sukuk, today (14/2), an index of the Inter Dealer Market Association (IDMA), the benchmark government bond prices, rose to 116.19 from 116.17 the previous day.
source: http://investasi.kontan.co.id
please give me comments thanks
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