JAKARTA (Yosefardi) – Investors reportedly absorbed the retail saving bonds, series SBR001, worth Rp2.39 trillion issued by the government of Indonesia.
Government targets to raise Rp2.5 trillion from this bond offering. But at last day of the allotment (May 26), investors absorbed 95.64% of target.
The bond carries coupon of 8.75% per year and has 2 years period of hold to maturity, as the bond can not be traded at the secondary market.
As of May 26, 2014, the government had issued bonds worth Rp209.45 trillion in total, or almost 60% of target (Rp370 trillion), with debt to GDP ratio of 24%, such a managable level.