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Auctioning 7 SUN series, Gov’t eyes IDR 19 trillion

29 August 2022 13:57

JAKARTA. The Indonesian government is once again scheduling an action of Government Securities (lit. Surat Utang Negara/SUN) tomorrow (30/8), setting an indicative target of IDR 19 trillion.

There will be seven series of SUN auctioned off tomorrow. They consist of two series of Treasury Notes (lit. Surat Perbendaharaan Negara/SPN) and five series of Government Bonds (lit. Obligasi Negara/ON).

The coupons attached to two series of SPN take forms in discounts, while five series of bonds will be offered with a coupon rate ranging from 6.38% to 7.13%.

The Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance mentioned that this auction is intended as a way to meet the financing target set in the 2022 State Budget.

The auction will start at 9 AM WIB and end at 11 AM WIB. The settlement date of the auction has been set to September 1, 2022.

As usual, SUN auction will be an open auction and use the multiple price scheme. All interested parties may place their bids through the participants of the auction listed by the Ministry of Finance. (KR/ZH)

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