Ministry of Finance of Republic of Indonesia : Next Week, Government to Auction SUN to Meet Part of Financing Target in 2017 State Budget

Jakarta, 12/01/2017 MoF - The government will auction government bond (SUN) in Rupiah denomination on January 17, 2017. It aims to meet part of financing target set in the 2017 State Budget.

The auction will be opened at 10.00 a.m and closed at 12.00 p.m. The settlement will be made on January 19, 2017. Indicative target is IDR15,000,000,000,000 with maximum target of IDR22,500,000,000,000.

The auction will be held using auction system organized by the Central Bank of Indonesia. It is an open auction, using multiple price method. In addition, the winning bidder who submitted competitive bids will pay according to the yield proposed. Meanwhile, the winning bidder with non-competitive bids will pay according to the weighted average yield of competitive bids won.

For information, the government is eligible to sell the SUN either higher or lower of the indicative amount set. Basically, all parties, both individual and institutional investors can submit their bids in the auction.

However, in the implementation, the bids shall be submitted through the Auction Participants as regulated in accordance with the Finance Minister Regulation Number 203/PMK.08/2015 on the Auction of Government Bonds on Rupiah and Foreign denominated in Domestic Primary Market.

Further information, please click here. (ab/rsa)