Govt targets Rp 7 trillion from bond sales
The Jakarta Post, Jakarta | Thu, 04/14/2011 5:34 PM
The government is seeking to secure Rp 7 trillion (US$812 million) from five series of SUN bonds it is set to offer in a bid next Tuesday.
Finance Ministry director general for debt management Rahmat Waluyo said in Jakarta on Thursday that the funds secured would be used to help finance the 2011 state budget.
The newly-issued SPN2011070 series and the re-issued SPN20120406 are discount bonds which will mature on Jul. 20, 2011, and Apr. 6, 2012, respectively.
The re-issued FR0055 series are being offered with an annual yield of 7.375 percent and will mature in 2016, while the FR0056 series have an annual yield of 8.375 percent and will mature in 2026. Coupons for both series will be paid every Mar. 15 and Sep. 15.
The newly-issued FR0057 series have a fixed interest rate and will mature in 2041, with coupons paid every May 15 and Nov. 15.
All the SUN bond series will be offered through an open bid organized by Bank Indonesia.
