TEMPO.CO, Jakarta - The government managed to collect a Rp14 trillion (US$1.07 billion) from the auctions of four series of Conventional Based Government Securities (SUN) to finance the State Budget, with a total offer amounting to Rp19.73 trillion (US$1.5 billion).
The Finance Ministry’s Directorate General of Budget Financing and Risk Management said in a press release on Tuesday, September 27, 2016, that the result of the auctions met the indicative amount of Rp12 trillion (US$923 million) and the maximum target of Rp18 trillion (US$1.38 billion).
From the auctions, the amount of funds raised for series SPN12170608 was Rp1.35 trillion (US$103.8 million) with a weighted average yield of 6.00926. The offer for the SPN that will mature on June 8, 2017 stood at Rp2.22 trillion. The lowest and highest weighted yields for the bonds were set at 5.95 percent and 6.6 percent, respectively.
Additionally, the government manage to raise Rp5.9 trillion (US$453.8 million) from the auction of FR0061 with a weighted average yield of 6.72979 percent. The offer for the FR that will mature on May 15, 2022 stood at Rp6.5 trillion (US$500 million). The lowest and highest weighted yield for the series that carry a coupon rate of 7 percent are 6.68 percent and 6.9 percent, respectively.
The total amount of funds raised from the auction of series FR0059 reached Rp3.4 trillion (US$261.5 million) with a weighted average yield of 6.90395 percent. The offer for the series that will mature on May 15, 2027 stood at Rp6.49 trillion (US$499.2 million). The bond will carry a coupon rate at 7 percent, and the lowest and highest yields were set at 6.85 percent and 7.27 percent, respectively.
The auction of series FR0072 managed to pull in Rp3.3 trillion (US$253.8 million) with a weighted average yield of 7.35880 percent. The bond will mature on May 15, 2036 with a coupon rate of 8.25 percent. The lowest and highest weighted yields were set at 7.25 percent and 8 percent, respectively.
ANTARA
