JAKARTA. The Indonesian government plans to hold another auction of Government Securities (lit. Surat Utang Negara/SUN) with an indicative target of IDR 23 trillion next Tuesday (17/1).

There are seven series of SUN issued in this round of auction, consisting of two series of Treasury Notes (lit. Surat Perbendaharaan Negara/SPN) and five series of FR1 bonds. Both SPN series are new issuance, while the other five are reopened bonds.

The coupons attached to both series of SPN are in the form of discounts, while other five FR1 bonds will have varied coupons, ranging from 6.375% to 7.125% per year.

This auction is intended to fulfill the financing target set in the 2023 State Budget, as mentioned by the Directorate General of Budget Financing and Risk Management of the Ministry of Finance.

The auction will adopt an open auction system, using a multiple price scheme. All interested parties are eligible to submit their bids through authorised auction participants. (KR/ZH)