"Retail state bonds, including retail sharia bonds (sukuk) play an increasingly bigger role in contributing to the state budget," the director of the ministry`s state debt securities, Bimantara Widyajala, said when signing a cooperation agreement between between the government and ORI sales agents here on Wednesday.
In 2011 ORI and retail sukuk were projected to contribute up to Rp18 trillion or 9 percent of the gross amount of state debt securities expected to reach Rp200 trillion, he said.
ORI008 will become due on October 15, 2014.
The pre-marketing of ORI008 which was started on June 10 will end on September 30, 2011. The finance minister is expected to set the coupon yield of the retail state bonds on October 5, 2011, with allotment scheduled for October 24, 2011. The bonds will be listed at the Indonesia Stock Exchange on October 27, 2011.
There are 25 sales agents for ORI008 this year compared to 21 in 2010. They are Bank UOB Indonesia, Citibank, ANZ Panin Bank, Bank Bukopin, BCA, CIMB Niaga, Bank Danamon, BII, Bank Mandiri, Bank Mega, BNI, OCBC NISP, Bank Panin, Bank Permata, and BRI.
The others are Ciptadana Securities, Danareksa Sekuritas, Kresna Graha Securindo, Lauthandana Securindo, Mega Capital Indonesia, Reliance Securities, Sucorinvest Central Gani, Trimegah Securities, Standard Chartered BankN and HSBC.
The government had raised the minimum target for each sales agent to Rp100 billion in 2011 from Rp50 billion in 2010, he said.(*)
Editor: Aditia Maruli Radja
Copyright © ANTARA 2011
