JAKARTA. The Indonesian government will hold an auction of Government Securities (lit. Surat Utang Negara/SUN) tomorrow (20/8), with an indicative target of IDR 20 trillion.

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

The coupon rates offered to both SPN series are discounts, while ON’s coupons range from 6.75% to 7.12%.

SUN auction will adopt the tender system issued by Bank Indonesia. All parties may submit their bids in the auction through participants authorised by the Ministry of Finance.

According to IDNFinancials, Indonesian government had conducted 14 SUN auctions since the beginning of 2024. The cumulative incoming bids have reached IDR 771.79 trillion, with awarded amount totalling IDR 320.61 trillion. (KR/ZH)