JAKARTA. The Indonesian government will once again carry out Government Securities (lit. Surat Utang Negara/SUN) with an indicative target of IDR 15 trillion next Thursday (15/6), aiming higher compared to this week’s auction.

The tender is intended to meet some of the financing target in the 2023 State Budget. This auction will be carried out referring to the Regulation of the Minister of Finance No.168/PMK.08/2019 and No. 38/PMK.02/2020.

There will be seven series offered to the public, two series of which are Government Treasury Notes (lit. Surat Perbendaharaan Negara/SPN). The other five are Government Bonds (lit. Obligasi Negara/ON).

The coupon attached to SPN series is in the form of discounts, while the coupon of ON series will be set to vary from 6.37% to 7.12%.

The SUN auction will be held using the tender system by Bank Indonesia (BI). It will be an open auction using multiple price scheme. All parties may submit their bids in the auction through authorised auction partners acknowledged by the Ministry of Finance.

According to IDNFinancials data, the Indonesian government had also held another SUN auction on June 6, 2023, recording IDR 60.04 trillion of incoming bids and awarded amount of IDR 7 trillion. (KR/ZH)