SUN Auction, Government Adds Debt Only IDR 10.2 Trillion

JAKARTA - The government through the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance held an auction of Government Securities (SUN) on Tuesday, October 17.

Based on DGT data, the total bids that entered the auction this time amounted to Rp. 16.98 trillion. This figure is lower than the indicative target set at Rp. 19 trillion to Rp. 28.5 trillion.

In addition to being lower than the indicative target, the bid that entered the auction on Tuesday (17/10), decreased significantly when compared to the auction in the previous two weeks, Tuesday, October 3, 2023, which amounted to IDR 22.42 trillion.

Of the total incoming bids, the government only absorbed as much as Rp10.20 trillion in this auction and the funds will be used to finance part of the 2023 State Budget. The auction schedule date for SUN will fall on Thursday, (19/10/2023).

Meanwhile, in this SUN auction, the FR0100 series which will mature on February 15, 2034 will be the series most sought after by investors with an incoming offering of up to IDR 6.76 trillion.

In addition, the FR0100 Series is the most won series in this auction. Where, the nominal absorbed by the government reached IDR 3.65 trillion, with an average yield of 6.82 percent won.

The following is the details of the absorption of each series as well as the average weighted yield:

1. SPN03240117 which matured on August 18, 2023. This series received an offering value of IDR 135 billion, no nominal amount was won.

2. SPN12241017 which matures on February 22, 2023. This series received an offering value of IDR 340 billion, no nominal amount was won.

3. FR0095 which matures on August 15, 2028. This series received an offering value of IDR 3.27 trillion. The government absorbs as much as IDR 2.90 trillion with an average yield of 6.67 percent won

4. FR0100 which matures on February 15, 2034. This series received an offering value of IDR 6.76 trillion. The government absorbs as much as IDR 3.65 trillion with an average yield of 6.82 percent won.

5. FR0098 which matures on June 15, 2038. This series received an offering value of IDR 3.13 trillion. The government absorbs as much as IDR 1.7 trillion with an average yield of 7.06 percent won.

6. FR0097 which matured on June 15, 2043. This series received an offering value of IDR 2.16 trillion. The government absorbs as much as IDR 1.3 trillion with an average yield of 7.10 percent won.

7. FR0089 which matured on August 15, 2051. This series received an offering value of IDR 1.17 trillion. The government absorbs as much as IDR 650 billion with an average yield of 7.04 percent won.