JAKARTA. The Indonesian government once again is holding an auction for Government Bonds (SUN) on Tuesday (11/7) next week with an indicative target of IDR 14 trillion.

There are 7 series of SUN that will be issued in the auction. The details consist of 2 series of State Treasury Notes (SPN) and 5 series of State Bonds (ON).

The yield offered for the SPN series is in the form of a discount. Meanwhile, yields for the ON series range from 6.37% to 7.12%.

The auction will be carried out using the Bank Indonesia auction system. The auction is open (open auction) and uses the multiple price method. All parties can submit a purchase offer (bid), through bidders who have been determined by the Minister of Finance.

According to data from idnfinancials.com, the Government of Indonesia previously held a SUN auction on 27 June 2023. The number of bids included in the auction was recorded at IDR 37.56 trillion. Meanwhile, the nominal amount won was IDR 14 trillion. (KR/LM)