Indonesia government raised IDR4.18 trn on Tuesday sukuk auction, it was lower compared to the previous sukuk action in Feb and early March that reached IDR5.08trn-IDR6.95trn. Government was seen selective to absorb investors’ bids as they have raised a total of IDR118.6trn from bonds, above their initial target of IDR97.32trn for 1Q16. Government only sold 4 series sukuk out of 5 offering sukuk. The highest absorption was recorded by PBS012 raising IDR1.67trn (BTC; 1.09x) followed by PBS009 and SPN-S 09092016 those sold to IDR1.13trn (BTC; 2.38x) and IDR1trn (btc: 2.57x) respectively. In total, government has sold a total IDR4.18trn, slightly above their target of IDR4trn.