Government Bonds Increase by Rp 15 Trillion, Reaching Rp 2,797 Trillion

The amount of Indonesian Government Securities (SUN) increased to Rp 2,796.7 trillion after the government won Rp 15 trillion in the inaugural auction on January 3, 2017. The amount of tradable government bonds reached Rp 2,558.5 trillion, and the non-tradable amount reached Rp 238.2 trillion.

Bids totaling Rp 36.9 trillion were received from five offered series, but only Rp 15 trillion from three series were accepted. There was a 2.41 times oversubscription. The downgrade of the investment recommendation for Indonesian government bonds by two levels from overweight to underweight did not dampen investor enthusiasm for Indonesian government bonds. The relatively high yield is one of the attractions of investing in government bonds.

For the SUN series SPN03170404, the amount won was Rp 6.1 trillion with a weighted average yield of 5.93 percent. For series SPN12180104, the amount won was Rp 5.3 trillion with a yield of 6.79 percent, and for series FR0059, the amount won was Rp 3.6 trillion with a weighted average yield of 7.99 percent.