Sukuk auction results on Tuesday showed the highest bid in the PBS028 series. Sukuk with maturity date of October 15, 2046, posted a request of up to IDR 7.07 trillion. Of these incoming bids, the weighted average yield was at 7.06% with a nominal value of IDR 2.5 trillion won. Furthermore, investors are interested in PBS029 which matures on March 15, 2034 with a total incoming bid of IDR 6.27 trillion. PBS029 recorded a weighted average yield of 6.68% with a nominal amount won of IDR 4.65 trillion. Meanwhile, the total nominal value won from the five series offered is IDR 11.3 trillion. For the record, yesterday’s Sukuk auction resulted in incoming bids worth a total of IDR 24.27 trillion, six series of Sukuk consisting of 1 Sharia State Treasury Bills (SPNS) and five Project Based Sukuk (PBS).
Duta Anggada Realty Releases IDR 225 Billion Bonds. Duta Anggada Realty Tbk (DART) plans to issue a Phase I sustainable bond II in 2021 worth IDR 225 billion. The bonds are part of an ongoing public offering with a total raised fund of IDR 300 billion. Based on the disclosure of information, this bond is offered at a price of 100% of the principal with a period of 370 calendar days or the maturity of the bonds is February 18, 2022. In issuing these bonds, the company has received a BBB plus rating. In accordance with the results of the rating for long-term debt securities according to the Indonesian Rating Letter of Credit on November 16, 2020. (Investor Daily)
Real Sales Index Dropped Again in November 2020. Retail sales in November 2020 decreased from October 2020. Bank Indonesia (BI) noted, the Real Sales Index (IPR) in November 2020 was 181.3 or declined from the IPR in previously which amounted to 183.5. However, if you look at the growth in real sales on a monthly basis, growth in November 2020 seems to have improved compared to October 2020, although it is still in a contractionary phase. This improvement occurred in many groups being monitored, especially clothing and spare parts and accessories. (Kontan)
Investors Pay Attention to Global Demand for US Dollars. Speculation of the US government’s budget deficit has resulted in increased demand for US dollars. This need, amidst the condition of the Fed that is not possible to finance the budget deficit. This condition reduces the supply of US dollars. On the other hand, there is no positive domestic sentiment to restrain the rate of rupiah depreciation. Yesterday, the rupiah was stagnant at IDR 14,130 / USD level on the spot market. Meanwhile, BI’s middle rate weakened 0.54% to IDR 14,231 / USD.