JAKARTA: Indonesia government managed to bag IDR6 trillion of cash from the auction of five series of government bonds today.
Based on the announcement of auction result today, the demand reached IDR17.7 billion or higher than the previous auction bidding of IDR9.47 trillion.
In this auction, the government once again wins all the offered series after previously lowering the nominal value. Most investors run for government bond with short tenor such as SPN12121005 with a total bid of IDR6.74 trillion.
The next most wanted series are FR0061 and FR0060 with the number of bid amounting to IDR3.33 trillion and IDR2.92 trillion. The bids for the series FR0059 and SPN03120119 respectively reached IDR2.79 trillion and IDR1.93 trillion.
Here are the details of the auction; SPN03120119 with 4.8% yield earned IDR200 billion, SPN12121005 with a yield of 4.9% got IDR1.1 trillion, FR0060 with 5.74% yield and 6.25% coupon rate earned IDR1.8 trillion.
Then, FR0061 with a yield of 6.45% with a coupon rate of 7% earned IDR2.2 trillion. And lastly, FR0059 with the coupon yield of 6.79% and 7% took IDR700 billion from the market. (t03/ags)