The two series, respectively, are offering coupons of 6.25% and 6.875%, or the lowest yield of the series in the auction of Government Securities (SUN) today. For the record, the government won the inaugural SUN auction in 2021 worth IDR 41 trillion. This figure is above the indicative target set at IDR 35 trillion. Meanwhile, the highest bid was in the New Issuance FR0088 series valued at IDR 31.39 trillion, with a bid to cover ratio of 2.46x. Apart from restoring manufacturing and purchasing power in Indonesia, market players have responded positively to the prospects for the distribution of the Covid-19 virus vaccine in Indonesia.
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