JAKARTA. The Indonesian government will hold another auction of Government Debt Securities (SUN) with an indicative target of IDR 24 trillion on Tuesday (16/1) next week.

The debt instrument auction was carried out in order to fulfill part of the financing targets in the 2024 State Budget. The auction was carried out based on Minister of Finance Regulation (PMK) Number 168/PMK.08/2019.

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

The returns offered for both SPN series are in the form of discounts. Meanwhile, the yields for the five ONs ranged from 6.62% to 7.12%.

The SUN auction will be carried out using the Bank Indonesia auction system. All parties can submit purchase offers (bids) in the auction, through auction participants who have been regulated by the Minister of Finance.

According to idnfinancials.com data, the Indonesian government also held a previous auction on January 3 2024. In this auction, the number of bids received was recorded at IDR 39.8 trillion and the nominal amount won was IDR 21.75 trillion. (KR/LM)