JAKARTA. Through its Directorate-General of Finance and Risk Management (DJPPR) of the Ministry of Finance, the Indonesian government is set to auction off rupiah-based government bonds with an indicative target of IDR 25 trillion next Wednesday (18/1).

“It is to meet some financing targets in 2022 State Budget,” the DJPPR of Finance Ministry said in the official release.

There will be seven series of government bonds to be offered in the auction. Two series of them are Government Treasury Notes (SPN), while another five are government bonds (ON).

The SPNs are offered with a discount coupon rate, while the remaining five bonds will be offered with a coupon rate ranging from 5.13% to 6.88%.

The primary dealers that will join the auction comprise banks and security companies. The listed participating banks amount to 16 banks, followed by five security companies. (KR/ZH)