JAKARTA. The Indonesian government will hold an auction for Government Debt Securities (SUN) on November 19 2023, with an indicative target of IDR 19 trillion.

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

The two ON series that will be auctioned are offered with discount coupons. Meanwhile, the 5 ON series are offered with coupons ranging from 6.62% to 7.12%.

The auction will be held using an auction system organized by Bank Indonesia. All parties can submit purchase offers (bids) in the auction, through auction participants who have been regulated by the Ministry of Finance.

According to idnfinancials.com data, the Indonesian government previously held a SUN auction on October 31 2023. The total number of bids entered in the auction was recorded at IDR 35.87 trillion. Meanwhile, the nominal amount won was IDR 19.3 trillion. (KR/LM)