JAKARTA. The Indonesian government will hold an auction of Government Securities (lit. Surat Utang Negara/SUN) next Tuesday (3/9) with an indicative target of IDR 22 trillion.
There will be 7 series of SUN auctioned off in this round, according to the Directorate of Budget Financing and Risk Management of the Ministry of Finance. They will consist of 2 series of Treasury Notes (lit. Surat Perbendaharaan Negara/SPN) and 5 FR series of Government Bonds (lit. Obligasi Negara/ON).
The yield set for SPN is a discount, while the yield for ON series is offered the lowest at 6.5% and the highest at 7.125%.
SUN auction will use the auctioning system lead by Bank Indonesia (BI), with an open auction scheme with multiple pricing method. Investors may submit their bids through participants authorised by the Ministry of Finance.
According to IDNFinancials record, the Indonesian government has held 15 rounds of SUN auctions in total since the beginning of 2024. Accumulated incoming bids now reach IDR 857.86 trillion, with awarded amount of IDR 347.61 trillion. (KR/ZH)