Govt eyes IDR2 trillion from bond auction

JAKARTA: Government re-launches the plan of tapping IDR2 trillion fund from domestic market through an auction of four Rupiah-denominated government bonds on December 14.Yudi Pramadi, Head of Public Relation Bureau at Ministry of Finance, exposed the
News Editor | 09 Desember 2010 11:41 WIB

JAKARTA: Government re-launches the plan of tapping IDR2 trillion fund from domestic market through an auction of four Rupiah-denominated government bonds on December 14.Yudi Pramadi, Head of Public Relation Bureau at Ministry of Finance, exposed the auctioned bonds are Government Bonds (SUN) of SPN20111215, FR0055, FR0053, and FR0056 series. The auction is aimed to cover some of financing targets in 2010 Revised State Budget.According to him, the government bond of SPN20111215 series is a new issuance at a discount of interest payment and maturity date on December 15, 2011. Whereas, the FR0055 series is a reopening at a fixed rate of 7.37% and due on September 15, 2016.Furthermore, FR0053 series is a reopening at a fixed rate of 8.25% and due on July 15, 2021. Then, FR0056 series is also a reopening at a fixed rate of 8.37% and due on September 15, 2026.The auction will be opened on December, 14 2010 at 10.00 and closed at 12.00 Jakarta time, while the results are likely announced on the same day. Meanwhile, the bonds settlement will be conducted on December 16, 2010, he informed.Not only Bank Indonesia and Indonesian Deposit Insurance Corporation (LPS), government assigns 18 underwriters as primary auction dealers, they are, Citibank N.A, Deutsche Bank AG, HSBC, PT Bank Central Asia Tbk, PT Bank Danamon Indonesia Tbk, and PT Bank Internasional Indonesia Tbk.In addition, PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk, PT Bank Panin Tbk, PT Bank Rakyat Indonesia Tbk, PT Bank Permata Tbk, PT Bank CIMB Niaga Tbk, Standard Chartered Bank, JPMorgan Chase Bank NA, PT Bahana Securities, PT Danareksa Sekuritas, PT Mandiri Sekuritas, and PT Trimegah Securities Tbk will also serve as the bond underwriters. (T01/NOM)

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Editor : Muhammad Fariz Aulia

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