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Gov’t is back with another SUN acution, eyeing IDR 20 trillion

09 May 2022 07:09

JAKARTA. The Indonesian government will once again hold an auction of Government Securities (lit. Surat Utang Negara/SUN) on May 10, 2022, with an indicative target of IDR 20 trillion this time.

The auction will begin at 9 AM WIB and end two hours later at 11 AM WIB based on the official announcement of the Directorate-General of Budget Financing and Risk Management of the Ministry of Finance. The auction is intended to fulfil the financing target set in the 2022 State Budget.

In the said auction, there will be seven series of SUN to be put out on the market. Two series are series of Government Treasury Notes (lit. Surat Perbendaharaan Negara/SPN), while the other five series are Government Bonds (lit. Obligasi Negara/ON).

Two series of SPN will be offered with discount coupons, while the other five series of ON will be equipped with a coupon rate ranging from 5.13% to 7.13%.

The primary dealers listed as the participants in this SUN auction are 15 local and international banks, as well as three security companies. Individual and institutional investors are free to submit their bids in the auction. “However, in practive, the incoming bids should go through the aforementioned participants,” the Directorate-General of Budget Financing and Risk Management of the Ministry of Finance reiterated. (KR/ZH)

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