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Jakarta Post

Government to offer debt papers with maximum target of Rp 30t

  • News Desk

    The Jakarta Post

Jakarta   /   Fri, January 11, 2019   /   04:27 pm
Government to offer debt papers with maximum target of Rp 30t Brokers monitor the trading of bonds and other debt papers at the Bank Rakyat Indonesia Treasury building in Jakarta. (kompas.com/Hendra A Setyawan )

The Finance Ministry will offer government debt papers (SUN) next Tuesday with the indicative and maximum target of Rp 15 trillion (US$1.07 billion) and Rp 30 trillion respectively to finance the 2019 state budget.

According to data issued by the Finance Ministry's Financing and Risk Management Directorate General, there are six series of SUN that will be auctioned, namely SPN03190416, SPN12200106, FR0077, FR0078, FR0068 and FR0079.

The SPN03190416 is the newest series that will mature on April 16, 2019, and would be offered through a discounted coupon rate, while the SPN12200106 series will mature on Jan. 6, 2020, also offered on a discounted coupon rate, kontan.co.id reported on Friday.

The FR0077 series offers an 8.125 percent coupon rate and will mature on Jan. 15, 2024, with the yield at 7.801 percent on Wednesday.

The FR0078 series offers a coupon rate of 8.250 percent and will mature on May 15, 2029, with a yield of 7.881 percent on Thursday.

The FR0068 series offers a coupon rate at 8.375 percent and will mature on March 15, 2034, with the yield at 8.306 percent on Thursday.

Last, the FR0079 series offers a coupon rate at 8.375 percent and will mature time on April 15, 2039, with the yield at 8. 306 percent on Thursday.

On the auction of the SUN on Jan. 3, the government got Rp 55.27 trillion in offers, but the government could only absorb Rp 28.25 trillion. (bbn)