JAKARTA. The Indonesian government will once again hold an auction of Government Securities (lit. Surat Utang Negara/SUN) next Tuesday (15/10) with an indicative target of IDR 22 trillion.

The auction is intended to meet some of the financing target set in the 2024 State Budget, as stated by the Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance.

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

The yields attached to these SPN series are discounts, while yields set for ON series range from 6.50% to 7.12% per annum.

According to IDNFinancials data, the Indonesian government has conducted 18 SUN auctions in this year so far, with total awarded amount reaching IDR 415.61 trillion. (KR/ZH)