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Wednesday, March 3, 2010

SUN's foreigns ownership climbs again

BI / bursa
By: Irvin Avriano A.

SUN's foreigns ownership climbs again

JAKARTA: The ownership of Indonesia T-Bills (surat utang negara/SUN) by foreign investors accumulatively increased as much as IDR1.68 trillion from the level of IDR119.13 trillion to the level of IDR120.81 trillion since February 18 untill the end of last month.

SUN ownership report from the Directorate General of Debt Management Ministry of Finance released published today shows that the ownership once had declined to the level of February 22 to IDR119.12 trillion and IDR118.87 trillion on February 23th. However, the ownership movement was invreased again on February 24th and February 25th.

Official Site of Debt Management Directorate also shows the government also intends to auctioning four series of sharia state securities (SBSN/sukuk) next Tuesday with the indicative target of Rp1 trillion.

The four series SUN that will be auctioned are IFR003 due on 2015, IFR0005 tenured 7 years, IFR0006 tenured 11 years, and 15 years tenured IFR0007.

The website also shows the three series of SUN auction held by the government today succeeded issuance of the investment instrument worth IDR5.8 trillion, larger than the indicative target which the government set at the level IDR4 trillion. The issuance values were also greater than last week's auction results of IDR4.42 trillion.

In the two last auctions, bidders submit bids in large numbers worth IDR12.34 trillion at the last week auction and as much as IDR13.01 trillion in this afternoon auction.

Yield value that the government released to bidders today also still in range that PT Bank Danamon Indonesia Tbk economist & bonds strategist Helmi Arman predicts in his research this morning.

He estimated yield SUN SPN20110303 series will be set at level 6.81% - 6.93%, series FR0027 at level 8.4% - 8.53%, and the level of yield 10.62% - 10.75% for series FR0052 will be released in the auction.



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