Seeking Rp32 T in Funds, Purbaya to Auction 9 Government Bonds Tomorrow
The Ministry of Finance, under the leadership of Finance Minister Purbaya Yudhi Sadewa, has once again scheduled an auction of nine series of state securities (SUN).
The auction will take place tomorrow, Tuesday (21/7/2026), from 09:00 to 11:00 Western Indonesia Time. The indicative target for the nine-series auction is Rp32 trillion, with a maximum winning target of 150% of the indicative amount.
“The government will hold an auction of Rupiah-denominated State Securities (SUN) to meet part of the financing target in the 2026 state budget,” according to an announcement by the Directorate General of Budget Financing and Risk Management (DJPPR) of the Finance Ministry, Monday (20/7/2026).
The nine Rupiah-denominated series being auctioned comprise three short-term series, namely state treasury bills (SPN) SPN01260822, SPN03261021, and SPN12270722. The coupon rate for the three new SPN series is a discount.
The other six series are long-term bonds in the form of government bonds (ON): FR0109 with a 5.87% coupon, FR0108 with a 6.5% coupon, FR016 with a 7.125% coupon, FR0107 with a 7.125% coupon, FR0102 with a 6.875% coupon, and FR0105 with a 6.875% coupon.
The SUN sale will be conducted through an auction system organised by Bank Indonesia, with settlement on Thursday (23/7/2026).
The auction is open, using the multiple price method. Winning bidders who submit competitive bids will pay according to the yield they proposed.
Winning bidders who submit non-competitive bids will pay according to the weighted average yield of the winning competitive bids.
The government reserves the right to sell the nine SUN series in amounts greater or smaller than the indicative figure set. The SUN on offer have a nominal value of Rp1,000,000 (one million Rupiah) per unit.
“In principle, all parties, both individual and institutional investors, may submit purchase bids in the auction. However, in practice, bids must be submitted through Auction Participants as regulated in PMK No. 168/PMK.08/2019,” as stated in the DJPPR announcement.