JAKARTA (Yosefardi) – Government of Indonesia targets to raise Rp21.2 trillion via offering retail bonds, series 011.
Robert Pakpahan, director general of debt management at the Finance Ministry, said the proceeds of retail bonds offering will help funding this year’s budget.
The bonds, series 011, will mature in October 15, 2017 and carries annual coupon of 8.5%.
The government had issued bonds worth Rp429 trillion this year, and plans to issue bonds of Rp430 trillion next year, of which 20% in foreign currencies denomination.