Jakarta (ANTARA News) - The government plans to offer rupiah-denominated state bonds worth Rp5 trillion in an auction on May 3 to meet part of its financing target under the 2011 state budget.

The bonds up for the auction will consist of zero coupon bonds series SPN20110804 and SPN20120504, both of them new issues, and fixed rate bonds series FR0055, FR0053, and FR0056, the reopenings of existing issue, Director General of Debt Management at the Finance Ministry Rahmat Waluyanto said in a statement on Thursday.

The bonds series SPN20110804 will mature on August 4, 2011 and SPN20120504 on May 4, 2012.

The bonds series FR0055 due on September 15, 2016 will be issued at a coupon of 7.375 percent. Payments for the coupon will be made every March 15 and September 15.

The bond series FR0053 due on July 15, 2021 will be issued at a coupon of 8.250 percent with coupon payments to be made every January 15 and July 15.

The bond series FR0056 due on September 15, 2026 will be issued at a coupon of 8.375 percent. Payments for the coupon will be made every March 15 and September 15.

The bonds will be sold in an auction using a multiple price method with Bank Indonesia (the central bank) as the organizer, he said.(*)

Editor: Heru Purwanto
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