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JAKARTA. The government re-tendered to 5 (five) series of Government Securities (GS) on Thursday (26 / 1). Total incoming bids of approximately Rp 50.13 trillion, or more than 7 times oversubscribed from the indicative target of Rp 7 trillion. The number of these offerings is a new record highs achieved the government.
With so many offerings, the government at auction this time to absorb the above target, amounting to Rp 10.5 trillion.Government absorbed all series with the following details, namely Rp 0.8 trillion for SPN0312029 (new issuance) tenured 3 months and $ 1 trillion for the series SPN12130111 (reopening) tenured one year.
Then of Rp 2.1 trillion for the series FR0061 which the 10-year, Rp 3.4 trillion for the series FR0059 tenured 15 years and amounting to Rp 3.2 trillion for the series FR0058 20-year tenure.
Analyst Bond Market Securities NC, I Made Adi Saputra told Cash, Thursday (26 / 1) that soaring auction bidding at this time is still the impact of the rise in Indonesia's debt rating by Fitch and Moody's. In addition, the impact of the policy of Bank Indonesia (BI) on the lower limit increases Interest Rates Bank Indonesia Facility (FASBI), so the auction SUN this time more and more in demand by the banks.
"It seems that consideration of government absorb more of the indicative target because it offers investors the yield is not too high, even as there tends to dare to offer a very low yield of habit," he described.
At auction this time, I Made view of investors vying for quota in primary market. "The biggest deals for the NES series tenured 3 months which is likely much requested by the Bank and also the second highest bid for the series FR0058 are tenured 20 years that seemed still from banks or foreign investors," Made predictions.
By looking at a lot that is not absorbed in the primary market, Made predict that investors will switch to the secondary market to take positions again. "Apparently, trading in the secondary market will boom," he concluded.
source: kontan.co.id
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With so many offerings, the government at auction this time to absorb the above target, amounting to Rp 10.5 trillion.Government absorbed all series with the following details, namely Rp 0.8 trillion for SPN0312029 (new issuance) tenured 3 months and $ 1 trillion for the series SPN12130111 (reopening) tenured one year.
Then of Rp 2.1 trillion for the series FR0061 which the 10-year, Rp 3.4 trillion for the series FR0059 tenured 15 years and amounting to Rp 3.2 trillion for the series FR0058 20-year tenure.
Analyst Bond Market Securities NC, I Made Adi Saputra told Cash, Thursday (26 / 1) that soaring auction bidding at this time is still the impact of the rise in Indonesia's debt rating by Fitch and Moody's. In addition, the impact of the policy of Bank Indonesia (BI) on the lower limit increases Interest Rates Bank Indonesia Facility (FASBI), so the auction SUN this time more and more in demand by the banks.
"It seems that consideration of government absorb more of the indicative target because it offers investors the yield is not too high, even as there tends to dare to offer a very low yield of habit," he described.
At auction this time, I Made view of investors vying for quota in primary market. "The biggest deals for the NES series tenured 3 months which is likely much requested by the Bank and also the second highest bid for the series FR0058 are tenured 20 years that seemed still from banks or foreign investors," Made predictions.
By looking at a lot that is not absorbed in the primary market, Made predict that investors will switch to the secondary market to take positions again. "Apparently, trading in the secondary market will boom," he concluded.
source: kontan.co.id
please give me comments thanks
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