Government Absorbs IDR 21.36 Trillion From Auction 7 Series SUN

JAKARTA - The government absorbed funds worth IDR 21.36 trillion from the auction of seven series of state debt securities (SUN) on May 14, 2024.

In an official statement, quoted from Antara, Tuesday, May 14, the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance (Kemenkeu) revealed that the total incoming bids were recorded at Rp49.42 trillion.

The seven series being auctioned are SPN03240814 (new issuance), SPN12250502 (re-opening), FR0101 (re-opening), FR0100 (re-opening), FR0098 (re-opening), FR0097 (re-opening), and FR0102 (re-opening).

The largest absorption came from the FR0101 series which was won at IDR 8.6 trillion from an incoming offer of IDR 12.44 trillion. The weighted average yield (yield) won by this series was 6.99994 percent.

Then, the government absorbed Rp6.05 trillion in funds from the FR0100 series which received an incoming offer of Rp17.43 trillion, with a weighted average yield won by 7.02987 percent.

From the FR0098 series, the government won IDR 2.1 trillion from an incoming offer of IDR 4.88 trillion. The weighted average yield won by this series was 7.01965 percent.

Next, the FR0097 and SPN12250502 series were won IDR 2 trillion, respectively. The incoming offer for the FR0097 series was recorded at IDR 3.49 trillion with a weighted average yield won by 7.05753 percent. Meanwhile, the SPN12250502 series received an incoming offer of IDR 5.10 trillion with a weighted average yield of 6.82801 percent.

The government then absorbed Rp600 billion from the FR0102 series. The incoming offer for this series was recorded at Rp3.76 trillion with a weighted average yield of 7.02965 percent.

Finally, the government won Rp14 billion in funds from the SPN03240814 series, which received an incoming offer of Rp2.30 trillion with a weighted average yield won 6,600 percent.