Seeking Rp30 Trillion, Government Auctions 9 Debt Securities Today
The Indonesian government is auctioning nine series of Rupiah-denominated Government Securities (SUN) to meet part of the financing targets within the 2026 State Budget (APBN).
The auction, held today, Tuesday (29/09/2026), is conducted in accordance with Minister of Finance Regulation Number 168/PMK.0SB/2019 regarding the Auction of Government Securities in the Domestic Primary Market (PMK No. 168/PMK.08/2019).
“The sale of SUN will be carried out using an auction system organised by Bank Indonesia. The auction is an open auction, using a multiple price method,” as quoted from the announcement by the Directorate General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance.
The auction, which is set to close at 11:00 WIB, consists of short-term SPN series, namely SPN01261031, SPN03261230, and SPN12270930. Additionally, long-term government bond series include FR0110, FR0111, FR0112, FR0107, FR0102, and FR0105.
The highest coupon rate offered is for FR0110 at 7.25%, maturing on 15 May 2022. The lowest coupon rates are for FR0102 and FR0105 at 6.87%.
The government’s indicative target for today’s auction is valued at Rp30 trillion, with a maximum target of 150% of the indicative amount. The settlement date is scheduled for Thursday (01/10/2026).
Auction winners submitting competitive bids will pay according to the submitted yield. Winners submitting non-competitive bids will pay according to the weighted average yield of the successful competitive bids.
The government reserves the right to sell the nine series of SUN in amounts larger or smaller than the specified indicative target. The SUN being auctioned has a nominal value of Rp1,000,000.00 per unit.
In principle, all parties, including both individual and institutional investors, may submit purchase bids in the auction. However, in practice, the submission of bids must be made through Auction Participants as regulated by PMK No. 168/PMK.08/2019.
The SUN auction participants include:
Primary Dealers: Citibank N.A., Deutsche Bank AG, PT Bank HSBC Indonesia, PT Bank Central Asia, Tbk., PT Bank Danamon Indonesia, Tbk., PT Bank Maybank Indonesia, Tbk., PT Bank Mandiri (Persero), Tbk., PT Bank Negara Indonesia (Persero), Tbk., PT Bank OCBC NISP, Tbk., PT Bank Panin, Tbk., PT Bank Rakyat Indonesia, Tbk., PT Bank Permata, Tbk., PT Bank CIMB Ni Bank Tbk., PT Bank ANZ Indonesia, Standard Chartered Bank, JP Morgan Chase Bank N.A., PT BRI Danareksa Sekuritas, PT Mandiri Sekuritas, PT Trimegah Sekuritas Indonesia, Tbk, and PT Bank Tabungan Negara (Persero), Tbk.
Indonesia Deposit Insurance Corporation (LPS);
Bank Indonesia.