Business

Govt to issue ‘sukuk’
bonds next week

Yudi Pramadi: Finance Ministry's public relations head. (Antara)
Yudi Pramadi: Finance Ministry's public relations head. (Antara)

The government is planning to auction zero-coupon bonds and state sukuk (Islamic bonds) next Tuesday.

The bond series that will be auctioned is PBS001, PBS002, PBS003 and PBS004. All of those series will be reopened during the auction.

The government will also issue the SPN-S 09112912 series to fulfill the state’s financing needs in the 2012 state budget. The targeted funding from the auction is Rp 1 trillion (US$109 million).

“The auction will be conducted using a system organized by Bank Indonesia. The auction will be made open using multiple price methods. Principally, all investors – individuals or institutions – can bid in the auction but their bids must go through auction participants that have been set by the Finance Ministry,” the ministry’s public relations head, Yudi Pramadi, said in a statement on Thursday.

The auction will start at 10 a.m. on May 8 and will end at 12 p.m. The results of the auction will be announced at 3:30 p.m.

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