Government Bond Auction Flooded with Offers of Rp 74.95 Trillion, Absorbs Rp 40 Trillion
JAKARTA, KOMPAS.com - The government absorbed Rp 40 trillion from the auction of Government Bonds (SUN) held on Tuesday (28/4/2026), amid high investor interest with total incoming offers reaching Rp 74.95 trillion.
According to a statement from the Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, the total offers received in the auction reached Rp 74.951 trillion, far exceeding the indicative target, reflecting sustained strong demand for government bonds.
From the nine series auctioned, the government won a nominal value of Rp 40 trillion, consisting of Treasury Bills (SPN) and Fixed Rate (FR) Government Bonds.
Meanwhile, from the fixed-rate bond series, the government absorbed Rp 15.75 trillion from the FR0109 series, Rp 3.25 trillion from FR0108, Rp 2.7 trillion from FR0106, Rp 5.15 trillion from FR0107, Rp 3.6 trillion from FR0102, and Rp 1.75 trillion from FR0105.
The FR0109 series, maturing in 2031, was the largest absorbed by the government, while also recording the highest incoming offers of Rp 34.74 trillion.
The high investor interest is also reflected in the relatively solid bid-to-cover ratios across nearly all series, with the SPN01260530 series reaching 3.44 times and FR0108 at 2.84 times.
Amid global market volatility and pressure on the rupiah, the strong demand in the SUN auction is seen as a signal that investor confidence in Indonesia’s fiscal prospects remains intact.
The weighted average yields won varied, from 4.89 percent for short-term SPN to 6.88 percent for the long-term FR0105 series.
The government also maintained a balance between meeting financing needs and managing debt costs, by not absorbing all incoming offers despite the auction being oversubscribed nearly twofold.
This SUN auction also serves as an important indicator of how the government continues to have strong financing access through the market, even as global sentiment is influenced by geopolitical risks and the persistence of prolonged high interest rates.