Govt retail bond offers 8% yield
Aditya Suharmoko, The Jakarta Post, Jakarta | Tue, 07/13/2010 6:03 PM
Yield on the latest government's retail bond, ORI007, to be issued on August 4 has been set at 7.95 percent, said the Finance Ministry's directorate general of debt management.
The ministry expects to issue Rp 5 trillion (US$553 million) in ORI007 as targeted by 23 selling agents appointed, Director General of Debt Management Rahmat Waluyanto said.
ORI007 offers a higher yield as compared to deposit rates offered by banks, which stand at about 6 percent.
