SUN Auction Entry Offer IDR 25.9 Trillion. DJPPR recorded a total bid that entered the SUN auction of IDR 25.9 trillion, or below the previous SUN auction of IDR 35.1 trillion. This time, the Government absorbed as much as IDR 13.8 trillion or below the indicative target of IDR 15 trillion, and the Government decided not to hold a Green Shoe Option Auction. Meanwhile, the benchmark FR0091 became the series most sought after by investors, or recorded an entry offer of up to IDR 13.7 trillion. This series, as well as being the most won series, with a nominal value absorbed by the government of IDR 5.5 trillion with a weighted average yield of 7.32%.

Corporate Bonds
PPRE Issues IDR 202.98 Billion Bonds. PT PP Presisi Tbk (PPRE) has conducted a Continuous Public Offering of Bonds I Phase I Year 2022 and were officially listed on the Indonesia Stock Exchange (IDX) with a value of IDR 202.98 billion. The PPRE Phase I bonds consist of two series consisting of Series A with a principal amount of IDR 102.27 billion, a fixed interest rate of 9.50% and a 3-year bond term. Then Series B IDR 100.70 billion with an interest rate of 10.50% and a 5 year term. These PPRE bonds have received a rating from PT Pemeringkat Efek Indonesia (Pefindo) with a rating of idBBB. (Kontan)

Domestic Issue
World Bank to Disburse IDR 5.25 Tn Loan. The World Bank disbursed a loan worth USD 350 million or the equivalent of IDR 5.25 trillion (exchange rate of IDR 15 thousand per US dollar) to Indonesia, supporting the improvement and protection of human capital development in Indonesia. The World Bank will support the Government of Indonesia’s efforts to protect people when income is lost, improve access to health services, prevent unhealthy behavior, and increase the effectiveness of government spending. (CNN Indonesia)

Apart from waiting for Foreign Reserves data tomorrow, market participants are also anticipating external data of high US CPI June YoY (Surv. 8.8%; May 8.6%) next week, and low Change in NonFarm Payrolls in June (Surv. 265k; May 390k). Even so, the June Unemployment Rate is projected to remain at its lowest level of 3.6%. Yesterday, the rupiah exchange rate was stable at around IDR15,000/USD.

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