JAKARTA (Yosefardi) – The government expects to raise Rp8 trillion from Monday, June 3rd, auction of government bonds to meet financing target for the 2013 State Budget.
There are two new issuance series SPN03130904 and SPN12140604 to be auctioned with discount interest rates and maturity in September 4th, 2013 and June 4th, 2014 respectively.
There are also three fixed rate series (reopening) with interest rates of 5.25% for Series FR0066 due May 15, 2008; 6.125% for FR0064 due May 2028, and 6.625% for FR0065 Series due May 15, 2033.
Enlarged budget deficit due to growing expenses for subsidies and falling revenues from corporate income tax will be financed with issuance of more government bonds this year.