Today Lasts The 2023 State Securities Prime Auction With A Maximum Fund Target Of IDR 34.5 Trillion

Illustration (Photo: Doc. Antara)

JAKARTA - The government through the Ministry of Finance (Kemenkeu) today held an auction of state debt securities (SUN) to meet the financing needs of the 2023 state budget (APBN).

The targeted fund raising target is IDR 23 trillion to a maximum of IDR 34.5 trillion.

Some of the series offered by SPN03230405 (new issuance) SPN12240104 (new issuance) with discount coupons.

Then FR0095 (reopening) with a coupon of 6.375 percent, FR0096 (reopening) with a coupon of 7 percent, FR0098 (reopening) and FR0097 (reopening) with a coupon of 7.125 percent, and FR0089 (reopening) with a coupon of 6.875 percent.

The auction of several SUN series takes place today starting at 09:00 WIB to 11.00 WIB with a schedule date on January 5, 2023.

The auction winner who submits the purchase competitively will pay according to the submitted yield (non-competitive bids). Meanwhile, non-competitive buyers get yields according to the weighted average (weighted average yield).

The auction is open and organized by Bank Indonesia using various methods, said the announcement quoted on Tuesday, January 3.

Meanwhile, the smallest nominal offered is IDR 1 million per unit with an overall value of SUN being sold depending on the government's decision.