JAKARTA. The Indonesian government will once again hold another auction of Government Securities (lit. Surat Utang Negara/SUN) yesterday (1/10), with an indicative target of IDR 22 trillion.
Said auction is intended to meet some of the financing target set in the 2024 State Budget, as stated by the Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance.
There were 7 series of SUN offered in the auction, consisting of 2 series of Government Treasury Notes (lit. Surat Perbendaharaan Negara/SPN) and 2 FR series of Government Bonds (lit. Obligasi Negara/ON).
The yields attached to these SPN series are discounts, while yields set for ON series range from 6.50% to 7.12% per annum.
The auction will be held using an auction system led by Bank Indonesia. All parties may submit their bids through primary dealers authorised by the Ministry of Finance. (KR/ZH)