Jakarta. The Indonesian government will hold a rupiah-denominated government bond (SUN) auction on Tuesday to help finance part of the 2025 state budget.

According to the Finance Ministry’s Directorate General of Financing and Risk Management (DJPPR), the indicative target for the auction is set at Rp 23 trillion ($1.4 billion), with a maximum target of 150 percent, or Rp 34.5 trillion (approx. $2 billion).

The auction, organized by Bank Indonesia (BI), will use an open auction system with a multiple price method. It will take place from 9 a.m. to 11 a.m. Jakarta time, with results announced later the same day. The settlement date is scheduled for October 9, or two working days after the auction.

A total of eight series will be offered, each with a nominal value of Rp 1 million ($60) per unit. The series includes both short- and long-term bonds:

1. SPN12260108 (re-opening) – maturing Jan. 8, 2026, with a discount yield.
2. SPN12261008 (new issuance) – maturing Oct. 8, 2026, with a discount yield.
3. FR0109 (re-opening) – maturing Mar. 15, 2031, with a 5.87 percent coupon.
4. FR0108 (re-opening) – maturing Apr. 15, 2036, with a 6.50 percent coupon.
5. FR0106 – maturing Aug. 15, 2040, with a 7.12 percent coupon.
6. FR0107 – maturing Aug. 15, 2045, with a 7.12 percent coupon.
7. FR0102 – maturing Jul. 15, 2054, with a 6.87 percent coupon.
8. FR0105 – maturing Jul. 15, 2064, with a 6.87 percent coupon.

The SUN auction is part of the government’s ongoing effort to secure domestic financing while supporting a sustainable debt portfolio.

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