The auction of these government bonds will be conducted through the auction system provided by Bank Indonesia as the agent of the SBSN auction. The auction will be an open auction, allowing both individual investors and institutions in principle to offer bids. However, the bids shall be conducted only with registered auction participants which have obtained the authority from the Ministry of Finance.
Settlements are due on October 9 and will be conducted through BI-SSSS (Bank Indonesia-Scripless Securities Settlement System) and shall only be held with the auction participants. Those who offer a competitive bid shall pay according to the yield proposed. Those who offer a non-competitive bid shall pay according to the weighted average yield of non-competitive bidding won. The government has the right to sell those SBSNs at higher or lower than the indicative amount.
SBSN series SPN-S 08042015 will be issued using the ijarah sale and lease back method while PBS005 and PBS006 use the ijarah asset to be leased akad (covenant) method.
Settlements are due on October 9 and will be conducted through BI-SSSS (Bank Indonesia-Scripless Securities Settlement System) and shall only be held with the auction participants. Those who offer a competitive bid shall pay according to the yield proposed. Those who offer a non-competitive bid shall pay according to the weighted average yield of non-competitive bidding won. The government has the right to sell those SBSNs at higher or lower than the indicative amount.
SBSN series SPN-S 08042015 will be issued using the ijarah sale and lease back method while PBS005 and PBS006 use the ijarah asset to be leased akad (covenant) method.
More information is available here.