Government Absorbs IDR 12 Trillion From SBSN Seven Series Auction

JAKARTA - The government absorbed IDR 12 trillion from the auction of seven series of State Sharia Securities (SBSN) on January 9, 2024.

In an official statement from the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance (Kemenkeu), quoted from Antara, Wednesday, January 10, it was stated that the number of incoming offers for the seven series was IDR 28.30 trillion.

The seven series being auctioned include SPNS09072024 (new nursery), SPNS07102024 (new nursery), PBS032 (re-opening), PBS030 (re-opening), PBS004 (re-opening), PBS039 (new nursery), and PBS038 (re-opening). The auction is carried out through the Bank Indonesia (BI) auction system.

At the auction, the largest absorption came from the PBS032 series with a nominal amount won of Rp3.35 trillion. The total incoming offer for the series was Rp7.19 trillion with a weighted average yield (yield) of 6.53797 percent.

Furthermore, the government raised Rp2.35 trillion in funds from the PBS039 series which received an incoming offer of Rp2.65 trillion. The weighted average yield that was won was 6.88953 percent.

From the PBS030 series, the government won a nominal value of IDR 2.3 trillion from an incoming offer of IDR 6.64 trillion, with a weighted average yield won at 6.54995 percent.

Then, from the PBS038 series, Rp1.65 trillion was created from an incoming offer of Rp2.69 trillion. The weighted average yield won by the series was 6.97912 percent.

From the SPNS09072024 series, the nominal amount won was IDR 1.2 trillion. The number of incoming offers recorded was IDR 2.43 trillion with a weighted average yield won by 6.46917 percent.

Next, the government raised Rp1 trillion in funds from the SPNS07102024 series which received an incoming offer of Rp5.75 trillion with a weighted average yield of 6.49920 percent.

Finally, the government won the PBS004 series worth IDR 150 billion from an incoming offer of IDR 922 billion. The weighted average yield for the series is 6.69651 percent.