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Gov’t arranges another security auction, eyeing IDR 15 trillion

19 July 2022 10:21

JAKARTA. The Indonesian government is back with another Government Securities (lit. Surat Utang Negara/SUN) auction, targeting to collect IDR 15 trillion, today (19/7).

The auction started at 9 AM WIB and will end soon, at 11 AM WIB. The settlement date has been set to July 21, 2022.

The Directorate General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance, claimed that the auction is intended to cover some of the financing target mentioned in the 2022 State Budget. Several legal references that regulate this auction include the Minister of Finance Regulation No.168/2019 and No.38/2020.

There are seven series of SUN that are offered to the public today. They consist of two series of Treasury Notes (lit. Surat Perbendaharaan Negara/SPN) and five Government Bonds (lit. Obligasi Negara/ON).

Both SPN series are offered with a yield in the form of discounts. Meanwhile, five other ON series are equipped with a yield ranging from 5.13% to 7.13%. (KR/ZH)

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