JAKARTA. The Indonesian government will hold a Government Securities (SUN) auction on Thursday (29/2) next week, with an indicative target of IDR 24 trillion.

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

The coupon rate offered for the SPN series is discounted. Meanwhile, the coupons offered for the 5 ON series range from 6.62% to 7.12%.

According to idnfinancials.com data, the Indonesian government has held 4 SUN auctions since the beginning of 2024.

The number of bids entered in the first auction, January 3, 2024, was recorded at IDR 39.8 trillion. Then the incoming bid at the auction on January 16, 2024 was recorded at IDR 67.56 trillion, on January 30, 2024 at IDR 73.23 trillion, and on February 12, 2024 at IDR 52.63 trillion. (KR/LM)