Ministry of Finance Targets Rp 36 Trillion in Government Bond Auction

The Ministry of Finance will once again hold an auction of Government Bonds (SUN) on Tuesday, 31 March 2026. The SUN auction offers nine series with coupon rates up to 7.125 percent and is auctioned in units of Rp 1 million. The offering of these government-issued bonds is targeted to raise Rp 36 trillion. In the previous auction on 3 March 2026, bids reached Rp 50.94 trillion, with an initial target of Rp 33 trillion and Rp 34.1 trillion successfully awarded. The rupiah-denominated SUN auction is to meet part of the financing target in the 2026 State Revenue and Expenditure Budget (APBN). “The government has the right to sell all nine SUN series in amounts larger or smaller than the indicative amount determined,” as quoted from the official website of the Directorate General of Financing and Risk Management of the Ministry of Finance on Sunday, 29 March 2026. The nine SUN series to be auctioned are: SPN01260502 (New Issuance); SPN12260702 (Reopening); SPN12270401 (New Issuance); FR0109 (Reopening); FR0108 (Reopening); FR0106 (Reopening); FR0107 (Reopening); FR0102 (Reopening); and FR0105 (Reopening). The government has the right to sell these nine SUN series in amounts larger or smaller than the indicative amount. The maximum that can be awarded could reach 150 percent of the indicative target of Rp 36 trillion. The government bond offering is part of budget financing and also covers this year’s APBN deficit, which is targeted at Rp 689.1 trillion. Based on the 2026 State Revenue and Expenditure Budget Law or APBN Law No. 17 of 2025, debt financing for this year is targeted at Rp 832.2 trillion. This figure is an increase from last year’s target of Rp 775.9 trillion.