Government absorbs Rp34 trillion from Treasury Bond auction this week

Jakarta (ANTARA) - The government absorbed funds worth Rp34 trillion from the auction of nine series of Treasury Bonds (SUN) on 1 September 2024, where the total incoming bids for this auction reached Rp65.97 trillion.

“In accordance with the authority granted by Law Number 24 of 2002 concerning Treasury Bonds, the Minister of Finance has determined that the total nominal amount won from the nine offered series is Rp34 trillion,” wrote the Directorate General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance in a press statement in Jakarta, Wednesday.

In detail, the SPN01261003 series (new issuance) was awarded Rp1 trillion from incoming bids of Rp1.57 trillion. The weighted average yield won was 6.55000 per cent with a maturity date of 3 October 2026.

The SPN12261203 series (re-opening) was also awarded Rp1 trillion, although recorded incoming bids reached Rp3.9 trillion. The weighted average yield won was 6.75000 per cent with a maturity date of 3 December 2026.

The SPN12270902 series (new issuance) was the largest absorbed SPN series, at Rp3 trillion, from incoming bids of Rp7.56 trillion. The weighted average yield won was 6.95000 per cent with a maturity date of 2 September 2027.

Meanwhile, within the Fixed Rate (FR) series, the government won funds amounting to Rp12.3 trillion from the FR0110 series (re-opening), which received incoming bids of Rp22.11 trillion. The weighted average yield won for this series was 6.97942 per cent with a maturity date of 15 May 2032.

The FR0111 series (new issuance) was awarded Rp12 trillion from incoming bids of Rp19.99 trillion. The weighted average yield won was 7.06995 per cent with a maturity date of 15 March 2037.

Furthermore, the FR0106 series (re-opening) saw an absorption of Rp1.85 trillion from incoming bids of Rp3.93 trillion. The weighted average yield won was 7.13871 per cent with a maturity date of 15 August 2040.