SUN Auction This Tuesday, Government Absorbs IDR 19.30 Trillion Funds

Illustration (Photo: Special)

JAKARTA - The government has conducted an auction of Government Securities (SUN) today, Tuesday, October 31.

The total bids included in this auction amounted to IDR 35.87 trillion, which is higher than the number of incoming bids at the previous SUN auction results of IDR 16.98 trillion.

Based on the official website of the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, of the total incoming offers, the government absorbed as much as IDR 19.30 trillion.

Meanwhile, in this week's auction, the FRSDG001 Series, which is the first Bonds Sustainable Development Goals (SDGs) series, was offered through an auction at the domestic primary market.

To note, there are 8 series offered in the SUN auction this time. The eight series are the SPN122440201 series (new issuance), SPN12240725 (new issuance), FR0101 (reopening), FRSDG001 (reopening), FR0100 (reopening), FR0098 (reopening), FR0097 (reopening) and FR0089 (reopening).

The FR0101 series is the most sought after by investors with an incoming offering of IDR 12.93 trillion. The FR0101 series has an maturity date on April 15, 2029.

The FR0101 series is also the most won series of IDR 10.450 trillion.

Followed by the FR0100 series of IDR 4.10 trillion and the FR0098 series of IDR 2.50 trillion.

The following are the details of the absorption of each series as well as the average weighted yield.

1. SPN1240201 matures on February 1, 2024. This series gets an offering value of IDR 2 trillion. The government absorbs as much as IDR 2 billion with an average yield of 6 percent won

2. SPN12240725 matures on July 25, 2024. This series gets an offering value of IDR 3.62 trillion. The government absorbs as much as IDR 200 billion with an average yield of 6.60 percent won.

3. FR0101 is due on April 15, 2029. This series gets an offering value of IDR 12.93 trillion. The government absorbs as much as IDR 10.45 trillion with an average yield of 7.05 percent won.

4. FRSDG001 matures on October 15, 2030. This series gets an offering value of IDR 2.68 trillion. The government absorbs as much as IDR 1.65 trillion with an average yield of 7.07 percent won.

5. FR0100 is due on February 15, 2034. This series received an offering value of IDR 6.60 trillion. The government absorbs as much as IDR 4.10 trillion with an average yield of 7.14 percent won.

6.FR0098 is due on June 15, 2038. This series received an offering value of IDR 3.45 trillion. The government absorbs as much as IDR 2.50 trillion with an average yield of 7.17 percent won.

7. FR0097 is due on June 15, 2043. This series received an offering value of IDR 2.76 trillion. The government absorbs as much as IDR 300 billion with an average yield of 7.19 percent won.

8. FR0089 matures on August 15, 2051. This series gets an offering value of IDR 1.79 trillion. The government absorbs as much as IDR 100 billion with an average yield of 7.20 percent won.