JAKARTA. Through the Ministry of Finance, the Indonesian government plans to arrange an auction for Government Bonds next Wednesday (21/7). The indicative target is set to IDR 33 trillion, and the maximum target is IDR 49.5 trillion.
In the official statement received by idnfinancials.com, seven series of bonds would be auctioned off. They are SPN03211021, SPN12220331, FR0090, FR0091, FR0088, FR00,92, and FR0089. The highest coupon rate hits 7.13%.
The participants in this upcoming auction are several private banks and state-owned enterprises (BUMN), which would act as the primary dealers. In addition, the participants outside the primary dealers are the Indonesia Deposit Insurance Corporation (IDIC) and Bank Indonesia (BI).
The auction would be conducted through an open auction system, using a multiple-price scheme. Then, the nominal value of each bond reaches IDR 1 million.
According to idnfinancials.com data, the government had just recently completed the auction of seven series of Government Bonds on July 6, 2021. The total bid for the said auction reached IDR 83.4 trillion. (KR/ZH)