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Gov’t eyes IDR 12 trillion of fresh funds in Government Securities auction

27 September 2021 09:51

JAKARTA. The Indonesian government is ready to auction several series of Government Securities in the form of Treasury Notes and Government Bonds tomorrow (28/9). This time, the indicative target is set to IDR 12 trillion.

Based on the official announcement of the Directorate-General of Financing and Risk Management (DJPPR) of the Ministry of Finance, there will be two series of Treasury Notes and five series of Government Bonds to be put in the auction tomorrow. The coupon rates for the Treasury Notes would be offered in discount coupon rates, while the coupon rates in the Government Bonds auction start from 5,125% to 6.687%.

“This Government Securities auction would be executed using the auction system provided by Bank Indonesia. It would be an open auction, using a multiple price scheme,” DJPPR of Finance Ministry further adds.

The participants involved in the upcoming auction are the primary dealers, the Indonesian Deposit Insurance Corporation (lit. Lembaga Penjamin Simpanan/LPS), and Bank Indonesia. The primary dealers consist of 16 banks and four security companies.

The auction is scheduled to start at 9 AM WIB and end at 11 AM WIB. The settlement follows on Thursday, September 30, 2021. (KR/ZH)

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