Scope of Buyers for the Sale of SUN through the Domestic Primary Market via Private Placements Broadened

The scope of buyers of government bonds (Surat Utang Negara – “SUN”) through the domestic primary market via private placement has now been broadened through the issuance of Regulation of the Minister of Finance (“Minister”) No. 51/PMK.08/2019 on the Sale of Government Bonds through the Domestic Primary Market via Private Placement (“Regulation 51/2019”).[1]

Previously, matters pertaining to this issue were addressed under Regulation of the Minister No. 118/PMK.08/2015 on the Sale of Government Bonds in Rupiah and Foreign Currencies through the Domestic Primary Market via Private Placement (“Regulation 118/2015”), which now has been repealed and replaced by Regulation 51/2019.[2]