Initial Auction Offer IDR 77.58 Trillion. The government managed to absorb funds worth IDR 25 trillion, in the inaugural auction of Government Bonds (SUN) in 2022 yesterday. In this auction, bids came in worth Rp. 77.58 trillion, or recorded a bid to cover ratio of 3.1x. For the record, the government offers a new series of 15-year benchmark FR0093 which will mature on July 15, 2037. The government also offers benchmark government securities, namely the FR0090, FR0091, and FR0092 series yesterday.
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