Govt expects Rp 1 t from new sharia bonds
The government expects to earn Rp 1 trillion (US$117 million) from
five series of state sharia bonds (SBSN) it is set to offer in a bid
on Aug. 23.
The Finance Ministry directorate general for debt management said in a
statement on Wednesday that the funds would be used to help finance
the 2011 state budget.
The SBSN offer comprises IFR0005, IFR0006, IFR0007, IFR0010 and SPN-S
24022012 series, with maturity ranging from Jan. 15, 2017, to Feb. 15,
2036.
The coupon rates, meanwhile, are between 10 and 10.25 percent.
Bank Indonesia is the agent for the open bid, Antara reported.
The government expects to earn Rp 1 trillion (US$117 million) from five series of state sharia bonds (SBSN) it is set to offer in a bid on Aug. 23.
The Finance Ministry directorate general for debt management said in a statement on Wednesday that the funds would be used to help finance the 2011 state budget.
The SBSN offer comprises IFR0005, IFR0006, IFR0007, IFR0010 and SPN-S 24022012 series, with maturity ranging from Jan. 15, 2017, to Feb. 15, 2036.
The coupon rates, meanwhile, are between 10 and 10.25 percent.
Bank Indonesia is the agent for the open bid, Antara reported.
