These Are The 7 SUN Series To Be Auctioned Next Week, The Government Targets Offers Of Up To IDR 36 Trillion

Illustration (Photo: Doc. Antara)

JAKARTA - The government will again hold an auction of Government Securities (SUN) on Tuesday, January 16, 2024.

For this auction, the government has set an indicative target of IDR 24 trillion-IDR 36 trillion from the seven series offered.

Referring to the website of the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, the seven SUN series that will be auctioned are the SPN (State Treasury) and FR (Fixed Rate) series.

This auction is carried out to meet part of the financing target in the 2024 State Budget. Here are the seven SUN series that will be auctioned:

1. SPN03240417 (New Issue) will mature on April 17, 2024 with a discount fee rate.

2. SPN12250106 (New Issue) will mature on January 16, 2025 with a discount fee rate.

3. FR0101 will mature on April 15, 2029 with a reward rate of 6.87 percent.

4. FR0100 will mature on February 15, 2034 with a coupon rate of 6.62 percent.

5. FR0098 will mature on June 15, 2038 with a reward rate of 7.12 percent.

6. FR0097 will mature on June 15, 2043, with a reward rate of 7.12 percent.

7. FR0102 will mature on July 15, 2054 in exchange for 6.87 percent.

This auction will open on January 16, 2024 at 09.00 WIB and close at 11.00 WIB. Meanwhile, the date of the standings falls on Thursday, January 18, 2024.

The sale of the SUN will be carried out using an auction system organized by Bank Indonesia.

The auction is open (open auction), using various price methods.

The SUN to be auctioned has a nominal value per unit of IDR 1 million.

The auction winner who submits a competitive bid will pay according to the submitted yield.

The auction winners who submit non-competitive bids (non-competitive bids) will pay according to the weighted average yield (weighted average yield) of the competitive purchase bids declared victorious.