JAKARTA – The Indonesian government is once again scheduling an auction of Government Securities (lit. Surat Utang Negara/SUN) next July 9, 2024, with an indicative target of IDR 24 trillion.

There are 7 series of SUN that will be auctioned off in this round, consisting of 2 series of Treasury Notes (Surat Perbendaharaan Negara/SPN) and 5 FR series of Government Bonds (lit. Obligasi Negara/ON).

Both SPN series are offered with a coupon in the form of discounts, while 5 ON series will be equipped with coupons ranging from 6.87% to 7.12%.

All parties, both individual and institutional investors, may submit their bids in the auction. However, the bid must be submitted through auction participants regulated by the Ministry of Finance.

For the record, it is the first SUN auction held by the government in the third quarter (Q3) of 2024. Previously, on July 2, 2024, the government had also issued its first Government Sharia Securities (lit. Surat Berharga Syariah Negara/SBSN) or state sukuk auction in Q3 2024. (KR/ZH)