Will Auction 8 SUN Series, Ministry Of Finance Aims For Indicative Targets Of IDR 28.5 Trillion
JAKARTA - The government will hold an auction of Government Securities (SUN) in Rupiah currency on Tuesday, October 31. At this SUN auction, the government set an indicative target of IDR 19 trillion IDR 28.5 trillion.
Based on information from the website of the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, there are eight SUN series that will be auctioned from 09.00 WIB to 11.00 WIB.
Meanwhile, this auction aims to meet part of the financing target in the 2023 State Budget.
Here are the details of the eight SUN series that will be auctioned off on Tuesday, October 31:
1. SPN12240201 will mature on February 1, 2024 with a discount fee rate
2. SPN12240725 will mature on July 25, 2024 with a discount fee rate
3. FR0101 will mature on April 15, 2029 with a fixed rate and will be set on October 31, 2023
4. FRSDG001 will mature on October 15, 2030 with a coupon rate of 7.37%
5. FR0100 will mature on February 15, 2034 with a reward rate of 6.62%
6. FR0098 will mature on June 15, 2038 with a reward rate of 7.12%
7. FR0097 will mature on June 15, 2043, accompanied by a reward rate of 7.12%
8. FR0089 will mature on August 15, 2051, accompanied by a reward rate of 6.87%
At this auction, the FRSDG001 Series, which is the first Bond Sustainable Development Goals (SDGs) series, was offered through an auction in the domestic primary market. The issuance of the SDGs Bond series through this auction complements the Bond Sustainable Development Goals (SDGs) issuance program which has been carried out in the global market in 2021.
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The sale of the SUN will be carried out using an auction system organized by Bank Indonesia (BI). The auction is open (open auction), using a multi-multiple price method. The SUN to be auctioned has a nominal value per unit of IDR 1 million.
The auction opens on Tuesday, October 31 at 09.00 WIB and closes at 11.00 WIB. The results of the auction will be announced on the same day and the date of the standings falls on Thursday, November 2, 2023.
The auction winner who submits a competitive bid will pay according to the submitted yield. The auction winner who submits a non-competitive purchase offer will pay according to the weighted average yield (weighted average yield) of the competitive bid that is declared victorious.