Jakarta (ANTARA News) - The government plans to offer four series of state bonds worth Rp5 trillion in an auction on June 7 to meet part of its financing target in the 2011 state budget.

The bonds are series SPN20120608 (new issues), and FR0053, FR0056 and FR0054 (the reopening of the existing issues), with a face value of Rp1 million per unit, Head of the Communication and Information Service at the Finance Ministry Yudi Pramadi said in a press statement on Friday.

The one-year bonds series SPN20120608 are discount rate bonds and will mature on June 8, 2012.

The fixed rate bonds series FR0053 due on July 15, 2021 carry a coupon of 8.25 percent. Payments for the coupon will be made every January 15 and July 15.

The fixed rate bonds series FR0056 due on September 15, 2026 carry a coupon of 8.38 percent. Payments for the coupon will be made every March 15 and September 15.

The fixed rate bonds series FR0054 due on July 15, 2031 carry a coupon of 9.50 percent. Payments for the coupon will be made every January 15 and July 15.

The statement said the bonds will be offered in an open auction using a multi-price method.(*)

S012/HAJM/H-YH

Editor: Jafar M Sidik
Copyright © ANTARA 2011