Government Absorbs IDR 7.75 Trillion In Funds From Auction Of Seven SBSN Series

JAKARTA - The government absorbs funds worth IDR 7.75 trillion from the auction of seven series of State Sharia Securities (SBSN) on October 8, 2024.

In an official statement quoted by Antara, Tuesday, October 8, the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance (Kemenkeu) revealed that the total incoming bids at this auction reached Rp14.85 trillion.

Through the Bank Indonesia (BI) auction system, the government auctioned seven series including SPNS01042025 (re-opening), SPNS07072025 (new issuance), PBS032 (re-opening), PBS030 (re-opening), PBS004 (re-opening), PBS039 (re-opening), and PBS038 (re-opening).

The largest absorption came from the SPNS07072025 series which was won at Rp2.80 trillion from an incoming offer of Rp4.36 trillion. The weighted average yield (yield) won by this series was 6.21443 percent.

The next absorption is the PBS032 series which was won at IDR 1.75 trillion. This series received an incoming offer of IDR 2.00 trillion with a weighted average yield won at 6.39921 percent.

Then, the government absorbed Rp1.65 trillion in funds from the PBS038 series which received an incoming offer of Rp3.62 trillion. The weighted average yield won by this series was 7.04972 percent.

From the PBS030 series, the government won a nominal value of IDR 750 billion from an incoming offer of IDR 2.26 trillion, with a weighted average yield won by 6.48958 percent.

Furthermore, the government won Rp600 billion in funds from the SPNS01042025 series. The incoming offer for this series was recorded at Rp2.15 trillion with a weighted average yield won at 6,23000 percent.

As for the PBS004 and PBS039 series, the government absorbed funds from both of them amounting to Rp100 billion each.

The incoming offer for the PBS004 series was recorded at IDR 260 billion with a weighted average yield won at 6.79923 percent.

Meanwhile, for the PBS039 series, the incoming bid was recorded at IDR 171 billion with a weighted average yield won at 6.89581 percent.