Ministry of Finance Targets Rp 32 Trillion in State Debt Securities Auction

The Indonesian Ministry of Finance (Kemenkeu) is set to conduct another auction of State Debt Securities (SUN) on Tuesday, July 7, 2026. The auction will offer nine series of these government bonds, with coupon rates varying between 5.875% and 7.125%. The nominal value per unit is Rp 1 million, and the government aims to raise Rp 32 trillion from this issuance.

In the preceding auction held on June 23, 2026, the total bids received amounted to Rp 46.5 trillion. From this, the government decided to absorb Rp 30 trillion. The SUN issuances are conducted in Indonesian Rupiah to fulfill a portion of the state budget's financing targets for 2026, as stated by the Directorate General of Debt Management and Risk of the Ministry of Finance.

The nine SUN series available in the upcoming auction include SPN01260808 (New Issuance), SPN12261008 (Reopening), SPN12270708 (New Issuance), FR0109 (Reopening), FR0108 (Reopening), FR0106 (Reopening), FR0107 (Reopening), FR0102 (Reopening), and FR0105 (Reopening). The FR0109 series offers the lowest coupon rate at 5.875% and matures on March 15, 2031. Conversely, the FR0106 and FR0107 series carry the highest coupon rate of 7.125%, maturing on August 15, 2040, and August 15, 2045, respectively.

While the target for the upcoming auction is Rp 32 trillion, the government reserves the right to sell more or less than the indicated amount. The auction on June 23 saw a slight decrease in investor interest, with bids totaling Rp 46.5 trillion compared to Rp 46.6 trillion in the prior auction. The weighted average yield for the nine series won in the late June auction ranged from 6.90000% to 7.34948%, slightly higher than the previous auction's range of 6.65000% to 7.42979%.