DAILY FAIR PRICE & YIELD

INDONESIA GOVERNMENT SECURITIES

December 29, 2017

EOD
INDONESIA GOVERNMENT BONDS YIELD CURVE Tenor Yield (%)
29-Dec-17 (Year) 29-Dec-17 28-Dec-17 22-Dec-17 29-Nov-17
0.1 4.2585 4.2195 4.2536 4.3549
IBPA Yield Curve 1
2
5.0643
5.5245
5.0184
5.4968
5.0957
5.5774
5.2394
5.7295
3 5.7687 5.7646 5.8323 5.9811
8.50 4 5.9187 5.9345 5.9872 6.1319
8.00 5 6.0350 6.0641 6.1052 6.2479
7.50 6 6.1443 6.1805 6.2145 6.3568
7 6.2557 6.2941 6.3249 6.4674
7.00
29-Nov-17
8 6.3697 6.4071 6.4377 6.5797
6.50 9 6.4838 6.5181 6.5502 6.6906
Yield (%)

22-Dec-17
6.00 10 6.5944 6.6249 6.6593 6.7966
28-Dec-17 11 6.6985 6.7250 6.7619 6.8948
5.50
29-Dec-17 12 6.7940 6.8168 6.8559 6.9833
5.00 13 6.8797 6.8993 6.9402 7.0614
4.50 14 6.9551 6.9721 7.0144 7.1289
4.00 15 7.0204 7.0354 7.0785 7.1863
0 5 10 15 20 25 30 16 7.0762 7.0897 7.1333 7.2344
Maturity (Year) 17 7.1232 7.1357 7.1794 7.2742
18 7.1624 7.1743 7.2179 7.3069
19 7.1949 7.2065 7.2496 7.3334
INDONESIA BOND PRICING AGENCY (IBPA) 20 7.2215 7.2330 7.2756 7.3547
GOVERNMENT BONDS BENCHMARK RATES 21 7.2432 7.2547 7.2968 7.3718
December 29, 2017 22 7.2607 7.2723 7.3139 7.3853
Benchmark 29-Dec-17 28-Dec-17 22-Dec-17 29-Nov-17 23 7.2748 7.2866 7.3276 7.3960
Maturity
Series Yield (%) Price (%) Yield (%) Price (%) Yield (%) Price (%) Yield (%) Price (%) 24 7.2861 7.2982 7.3386 7.4044
15-May-22 FR0061 5.8785 104.2651 5.9086 104.1500 5.9635 103.9500 5.9965 103.8740 25 7.2950 7.3074 7.3473 7.4110
15-May-27 FR0059 6.2538 105.2250 6.2850 105.0000 6.3138 104.8000 6.4879 103.5752 26 7.3022 7.3147 7.3542 7.4161
15-Aug-32 FR0074 6.8607 105.8332 6.9024 105.4376 6.9358 105.1250 7.0035 104.4982 27 7.3078 7.3206 7.3597 7.4200
15-May-36 FR0072 7.0780 111.9342 7.1024 111.6650 7.1647 110.9875 7.2298 110.3027 28 7.3122 7.3252 7.3640 7.4231
29 7.3157 7.3289 7.3673 7.4254
30 7.3184 7.3317 7.3699 7.4272

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 DAILY FAIR PRICE & YIELD
INDONESIA GOVERNMENT SECURITIES
Fixed Rate (FR), Obligasi Ritel Negara (ORI) & Zero Coupon (ZC)
December 29, 2017
Date : 29-Dec-17

Bond 29-Dec-17 28-Dec-17 22-Dec-17 29-Nov-17

No Time To Maturity
Series Yield (%) Price (%) Changes (BPs) Yield (%) Price (%) Yield (%) Price (%) Yield (%) Price (%)
(Year)
1 FR0031 2.88 5.7465 113.7423 -3.01 5.7403 113.7724 5.8130 113.6389 5.9744 113.4515
2 FR0032 0.54 4.7248 105.4695 -5.18 4.6801 105.5213 4.7578 105.6359 4.9452 106.1227
3 FR0034 3.46 5.8451 121.5064 0.61 5.8514 121.5003 5.9145 121.3741 6.0704 121.1628
4 FR0035 4.46 5.9746 126.7688 8.89 5.9977 126.6799 6.0463 126.5499 6.1971 126.1865
5 FR0036 1.71 5.4218 109.7811 -7.21 5.3887 109.8532 5.4777 109.7895 5.6546 109.8151
6 FR0037 8.72 6.4518 136.5091 27.87 6.4874 136.2304 6.5208 136.0123 6.6687 135.0167
7 FR0038 0.63 4.7961 104.1628 -4.66 4.7509 104.2094 4.8314 104.2625 5.0188 104.5294
8 FR0039 5.63 6.1039 126.5478 17.79 6.1384 126.3699 6.1763 126.2262 6.3254 125.6471
9 FR0040 7.72 6.3374 128.0730 26.16 6.3756 127.8114 6.4079 127.6296 6.5572 126.7523
10 FR0042 9.55 6.5450 125.9900 26.05 6.5776 125.7295 6.6127 125.4735 6.7582 124.4052
11 FR0043 4.55 5.9840 116.7562 9.63 6.0082 116.6599 6.0559 116.5034 6.2064 116.0363
12 FR0044 6.72 6.2239 120.4383 22.75 6.2624 120.2108 6.2956 120.0488 6.4451 119.2900
13 FR0045 19.39 7.2059 126.3352 14.09 7.2175 126.1943 7.2609 125.6728 7.4966 122.8750
14 FR0046 5.55 6.0946 115.8183 16.66 6.1286 115.6517 6.1670 115.4931 6.3162 114.8703
15 FR0047 10.14 6.6091 124.7388 25.04 6.6393 124.4884 6.6758 124.2080 6.8189 123.1085
16 FR0048 0.71 4.8633 102.8395 -4.32 4.8179 102.8827 4.9008 102.8884 5.0881 102.9887
17 FR0050 20.56 7.3226 133.4833 11.01 7.3310 133.3732 7.3898 132.6138 7.3660 132.9596
18 FR0052 12.64 6.9729 129.2828 15.08 6.9885 129.1320 7.0159 128.8829 7.0404 128.7259
19 FR0053 3.55 5.8573 107.5577 2.12 5.8652 107.5365 5.9269 107.3614 6.0822 106.9510
20 FR0054 13.55 7.0809 120.8465 -6.89 7.0741 120.9154 7.1360 120.3206 7.2090 119.6577
21 FR0056 8.72 6.4072 112.9643 8.47 6.4195 112.8796 6.4649 112.5750 6.5595 111.9697
22 FR0057 23.39 7.3478 123.8538 -7.77 7.3420 123.9315 7.4000 123.1812 7.4738 122.2577
23 FR0058 14.47 7.0962 110.3231 11.03 7.1079 110.2128 7.1285 110.0247 7.1618 109.7277
24 FR0059 9.38 6.2538 105.2250 22.50 6.2850 105.0000 6.3138 104.8000 6.4879 103.5752
25 FR0061 4.38 5.8785 104.2651 11.51 5.9086 104.1500 5.9635 103.9500 5.9965 103.8740
26 FR0062 24.31 7.2891 89.6486 12.72 7.3013 89.5214 7.3417 89.1005 7.4072 88.4211
27 FR0063 5.38 6.0764 97.9473 14.73 6.1092 97.8000 6.1488 97.6177 6.2980 96.9270
28 FR0064 10.38 6.4704 97.4097 1.98 6.4730 97.3899 6.5355 96.9291 6.8434 94.6910
29 FR0065 15.39 6.8854 97.5435 34.36 6.9226 97.1999 6.9373 97.0647 7.1163 95.4343
30 FR0066 0.38 4.5720 100.2461 -1.80 4.5291 100.2641 4.6002 100.2484 4.7868 100.2067
31 FR0067 26.15 7.4228 115.2023 -3.14 7.4204 115.2337 7.4487 114.8721 7.4613 114.7210
32 FR0068 16.22 7.1192 111.9458 18.84 7.1376 111.7574 7.1983 111.1405 7.2714 110.4191
33 FR0069 1.29 5.2325 103.2527 -5.85 5.1917 103.3112 5.2820 103.2365 5.4645 103.1449
34 FR0070 6.21 6.1678 111.2296 19.89 6.2052 111.0307 6.2400 110.8655 6.3892 110.1422
35 FR0071 11.22 6.7200 117.7380 22.16 6.7459 117.5164 6.7306 117.6662 6.9223 116.0781
36 FR0072 18.39 7.0780 111.9342 26.92 7.1024 111.6650 7.1647 110.9875 7.2298 110.3027
37 FR0073 13.38 6.8330 116.6221 91.34 6.9285 115.7087 6.9288 115.7197 7.0231 114.8739
38 FR0074 14.64 6.8607 105.8332 39.56 6.9024 105.4376 6.9358 105.1250 7.0035 104.4982
39 FR0075 20.39 7.0334 105.0003 17.74 7.0494 104.8229 7.1060 104.2000 7.1735 103.4710
40 FR0076 30.40 7.1345 102.9586 10.13 7.1425 102.8573 7.1871 102.2982 7.2295 101.7764
41 ORI012 0.79 5.0885 103.0388 -3.90 5.0524 103.0778 5.2369 102.9917 5.1436 103.3025
42 ORI013 1.79 5.8742 101.2329 2.27 5.8886 101.2102 5.9359 101.1390 5.8326 101.3615
43 ORI014 2.80 5.3299 101.3472 -2.14 5.3222 101.3686 5.3978 101.1779 5.5665 100.7520

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 DAILY FAIR PRICE & YIELD
INDONESIA GOVERNMENT BONDS
December 29, 2017

INDONESIA GOVERNMENT BONDS YIELD CURVE

29-Dec-17

IBPA VR Yield Curve

Tenor Yield (%)
(Month) 29-Dec-17 28-Dec-17 22-Dec-17 29-Nov-17
8.00 0.03 3.8903 3.8890 3.8771 3.9033
1 5.4886 5.5355 5.5967 4.8129
7.00 2 5.5568 5.5996 5.6891 5.0102
3 5.4901 5.5258 5.6137 5.2203
6.00 29-Nov-17 4 5.5263 5.5568 5.6304 5.4180
Yield (%)

22-Dec-17
5 5.6270 5.6531 5.7100 5.5764
5.00 6 5.7373 5.7592 5.8015 5.6954
28-Dec-17
7 5.8296 5.8476 5.8790 5.7826
4.00
29-Dec-17 8 5.8969 5.9116 5.9355 5.8461
3.00 9 5.9419 5.9543 5.9732 5.8921
0 2 4 6 8 10 12 10 5.9705 5.9811 5.9968 5.9255
Maturity (Month) 11 5.9879 5.9972 6.0111 5.9498
12 5.9981 6.0066 6.0193 5.9673

INDONESIA BOND PRICING AGENCY (IBPA)

VARIABLE RATES
December 29, 2017
29-Dec-17 28-Dec-17 22-Dec-17 29-Nov-17
Maturity Series
Yield (%) Price (%) Changes (BPs) Yield (%) Price (%) Yield (%) Price (%) Yield (%) Price (%)
25-Jan-18 VR0026 5.4381 99.9476 0.69 5.5029 99.9407 5.6504 99.9147 4.9906 99.9598 #REF!
25-Jul-18 VR0027 5.4381 99.9476 0.69 5.5029 99.9407 5.6504 99.9147 4.9906 99.9598 4.740%
25-Aug-18 VR0028 5.5627 99.8834 0.83 5.6028 99.8751 5.6736 99.8505 5.2061 99.9101 4.740%
25-Aug-19 VR0029 5.5627 99.8834 0.83 5.6028 99.8751 5.6736 99.8505 5.2061 99.9101 4.827%
25-Dec-19 VR0030 5.4934 99.8426 1.02 5.5286 99.8324 4.1229 100.0062 4.7742 100.0079 4.827%
25-Jul-20 VR0031 5.4381 99.9476 0.69 5.5029 99.9407 5.6504 99.9147 4.9906 99.9598 4.827%
4.740%

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 DAILY FAIR PRICE & YIELD
INDONESIA GOVERNMENT SECURITIES
SURAT PERBENDAHARAAN NEGARA (SPN)
December 29, 2017

Date : 29-Dec-17

Surat Perbendaharaan Negara 29-Dec-17 28-Dec-17 22-Dec-17 29-Nov-17

No Time To Maturity Yield Yield Yield Yield
Series Price (%) Changes (BPs) Price (%) Price (%) Price (%)
(Year) Equivalent (%) Equivalent (%) Equivalent (%) Equivalent (%)
1 SPN12180104 0.02 4.1793 99.9327 1.06 4.1457 99.9221 4.1954 99.8537 4.3763 99.5784
2 SPN12180201 0.09 4.2714 99.6111 0.81 4.2351 99.6030 4.2903 99.5292 4.4730 99.2357
3 SPN12180301 0.17 4.3588 99.2779 0.53 4.3203 99.2726 4.3804 99.1928 4.5646 98.8813
4 SPN12180412 0.28 4.4818 98.7585 0.06 4.4406 98.7579 4.5072 98.6683 4.6930 98.3304
5 SPN12180511 0.36 4.5614 98.3878 -0.28 4.5187 98.3906 4.5892 98.2937 4.7758 97.9382
6 SPN12180607 0.44 4.6317 98.0349 -0.59 4.5879 98.0408 4.6617 97.9369 4.8488 97.5654
7 SPN12180712 0.53 4.7177 97.5673 -1.00 4.6730 97.5773 4.7505 97.4642 4.9379 97.0726
8 SPN12180809 0.61 4.7826 97.1861 -1.33 4.7375 97.1994 4.8174 97.0787 5.0049 96.6715
9 SPN12180906 0.69 4.8442 96.7993 -1.64 4.7988 96.8157 4.8810 96.6875 5.0684 96.2652
10 SPN12181004 0.76 4.9027 96.4075 -1.94 4.8573 96.4269 4.9414 96.2913 5.1285 95.8544
11 SPN03180118 0.05 4.2259 99.7735 0.94 4.1909 99.7641 4.2434 99.6931 4.4253 99.4086
12 SPN03180215 0.13 4.3157 99.4459 0.67 4.2782 99.4392 4.3359 99.3625 4.5194 99.0598
13 SPN12181115 0.88 4.9849 95.8120 -2.35 4.9399 95.8355 5.0262 95.6888 5.2128 95.2309
14 SPN-S 05012018 0.02 4.1827 99.9214 1.05 4.1490 99.9109 4.1988 99.8424 4.3799 99.5664
15 SPN-S 02022018 0.10 4.2746 99.5994 0.80 4.2382 99.5914 4.2936 99.5174 4.4763 99.2232
16 SPN-S 13032018 0.20 4.3950 99.1318 0.40 4.3556 99.1278 4.4176 99.0453 4.6023 98.7261
17 SPN-S 11042018 0.28 4.4790 98.7712 0.08 4.4378 98.7704 4.5043 98.6810 4.6900 98.3438
18 SPN-S 08052018 0.36 4.5533 98.4266 -0.24 4.5108 98.4290 4.5809 98.3329 4.7674 97.9792

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 DAILY FAIR PRICE & YIELD
INDONESIA GOVERNMENT SECURITIES
SURAT BERHARGA SYARIAH NEGARA (SBSN)
December 29, 2017

Date : 29-Dec-17

Sukuk 29-Dec-17 28-Dec-17 22-Dec-17 29-Nov-17

No Time To Maturity Yield Yield Yield Yield
Series Price (%) Changes (BPs) Price (%) Price (%) Price (%)
(Year) Equivalent (%) Equivalent (%) Equivalent (%) Equivalent (%)
1 IFR0002 0.63 5.3961 103.9940 -4.57 5.3509 104.0397 5.4314 104.0885 5.6188 104.3386
2 IFR0006 12.22 6.9964 126.3990 20.82 7.0187 126.1908 7.0597 125.8236 7.1908 124.6702
3 IFR0007 7.05 6.4616 121.1678 23.81 6.5003 120.9297 6.5329 120.7603 6.6824 119.9548
4 IFR0008 2.21 5.6887 106.3614 -5.44 5.6667 106.4158 5.7501 106.2813 5.9200 106.0755
5 IFR0010 18.14 7.2774 127.1570 14.04 7.2894 127.0166 7.3334 126.5040 7.4233 125.4847
6 PBS001 0.13 5.9658 99.7996 -0.08 5.9283 99.8004 5.9860 99.7679 6.1695 99.6351
7 PBS002 4.05 6.3888 96.6951 6.06 6.4057 96.6345 6.4598 96.4347 6.6121 95.8527
8 PBS003 9.05 6.8072 94.6093 22.33 6.8417 94.3860 6.8757 94.1586 7.0228 93.1827
9 PBS004 19.15 7.5882 85.0952 10.46 7.5998 84.9906 7.6433 84.5975 7.7277 83.8304
10 PBS005 25.31 7.6413 90.0702 12.77 7.6538 89.9425 7.6937 89.5337 7.7570 88.8878
11 PBS006 2.72 5.8230 105.9895 -3.15 5.8130 106.0210 5.8885 105.8597 6.0518 105.5564
12 PBS007 22.73 7.4539 116.7866 14.43 7.4657 116.6423 7.5070 116.1419 7.5768 115.3153
13 PBS009 0.07 4.2941 100.2453 -1.19 4.2584 100.2572 4.3123 100.3074 4.4946 100.4877
14 PBS010 1.07 5.2833 103.4360 -5.45 5.2397 103.4905 5.3287 103.4450 5.5136 103.4230
15 PBS011 5.63 6.2525 111.6884 16.86 6.2871 111.5198 6.3249 111.3569 6.4741 110.7074
16 PBS012 13.89 7.1496 115.0152 16.50 7.1670 114.8502 7.2103 114.4478 7.3294 113.3625
17 PBS013 1.38 5.5314 100.9334 -5.41 5.4920 100.9875 5.5823 100.8790 5.7638 100.6690
18 PBS014 3.38 6.0577 101.3243 1.28 6.0623 101.3115 6.1267 101.1217 6.2833 100.6611
19 PBS015 29.56 7.5945 104.7432 16.20 7.6078 104.5812 7.6461 104.1161 7.7039 103.4203
20 PBS016 2.21 5.8194 100.8702 -4.62 5.7974 100.9164 5.8808 100.7497 6.0506 100.4096
21 SR007 0.20 4.4127 100.7624 0.76 4.5023 100.7548 4.9071 100.7278 4.6789 101.0029
22 SR008 1.19 5.4141 103.3378 -13.58 5.3055 103.4736 5.3768 103.4349 5.7216 103.1760
23 SR009 2.20 5.7887 102.2873 -4.25 5.7697 102.3298 5.8278 102.2242 5.8519 102.2321

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 IBPA Yields Movement
Government Bond Benchmark Series
8.00

7.50

7.00

6.50

6.00

5.50

FR0061 FR0059 FR0074 FR0072

FR0061 FR0059
Hi : 6.1172 Lo : 5.8785 Last : 5.8785 Hi : 6.5723 Lo : 6.2538 Last : 6.2538
6.28 6.75
6.65
6.18
6.55
6.08
6.45
5.98
6.35
5.88
6.25
5.78 6.15
5.68 6.05

FR0074 FR0072
Hi : 7.0849 Lo : 6.8607 Last : 6.8607 Hi : 7.2926 Lo : 7.0780 Last : 7.0780
7.26 7.48

7.16 7.38

7.06 7.28

6.96 7.18
6.86 7.08
6.76 6.98
6.66 6.88

9.0400 0.0000 0.0000

PT PENILAI HARGA EFEK INDONESIA

SECURITIES VALUATION DEPARTMENT
Indonesia Stock Exchange Building
Tower II, Ground Floor
Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190

Phone: +62 21 5155620

Fax: +62 21 5155026
For Information on IBPA Historical Fair Values, please visit our website: www.ibpa.co.id

DISCLAIMER :
The information contained in this document should only be used for user’s own purposes. Recipient is strictly prohibited to
redistribute the information wholly or in a part without prior written permission from IBPA. The information rendered in this
document has been obtained from sources we believe reliable, until the due time of pooling information stated by IBPA. This
document is intended solely for the purpose of providing daily market fair price information for fixed income securities and
Sukuk and current general brief description of Bond market in Indonesia, and not intended as recommendation, offering,
suggestion or opinion from IBPA to buy or sell or hold any securities, or to provide document, tax, accounting, or investment
advice or services regarding the profitability or suitability of any securities or other investment. IBPA, include its directors,
employees and IBPA’s official agent, is not liable for any loss arising from any kind of use of information contained in this
document by information recipient and will release IBPA from any claim or any legal proceeding that might have caused.

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