State Bonds Auction

State Bonds to Be Put to Auction

VIVAnews - The government will put state bonds to auction on 13 January 2009 amounting to around Rp 3 trillion (US$275,066,717). The auction will be aimed at meeting half of the targeted 2009 State Budget expenditure.

In a press release published by the Department of Finance, the bonds that will be put to auction include SPB 20100114 with discounted interest payment and is due in 14 January 2010; FR0023 having 11 percent of fixed rate and is due in 15 December 2012. Coupon payment will be carried out every June 15 and December 15.

The third state bonds is FR 0051 having fixed interest rate and is due in 15 May 2014. The coupon is paid every May 15 and November 15. The fourth bonds is FR0036 having 11.5 percent of fixed interest rate and is due in 15 September 2019. The coupon is paid every 15 March and 15 September. 

The open auction will be held by Bank Indonesia and will apply various pricing methods. The winner of the auction proposing competitive offer will pay due to the proposed yield.

The auction winner proposing non-competitive offer will pay due to the proposed yield.

The allocated non-competitive purchase for state bonds having serial number of SPN 20100114 will be 50 percent of the indicative target. In addition to state bonds having serial number of FR0023, FR0051 and FR0036 will be each 20 percent of the total gained state bonds.

The auction will be launched by 13 January 2009 on 10 am and be ended at 12 pm. The auction result will be announced on the same day. The transaction will be completed by 15 January 2009.

Translated by: Bonardo Maulana Wahono

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25 April 2024