JAKARTA (Yosefardi) – The government will sell rupiah-denominated State bonds worth Rp8 trillion in an auction scheduled Tuesday, September 24.
The funds obtained from the bonds will be used to meet financing targets in the 2013 State budget.
The Finance Ministry’s debt management directorate general office said on Friday (Sept 20) that the bonds would consist of five series’ with a nominal value of Rp1 million per piece, including FR0069 (reopening) series with fixed rate of 7.875% per annum due April 15, 2019.
Other series, include fixed rate FR0070 at 8.375% due March 2024 and FR0071 at 9% and due in March 2029.