Jakarta (ANTARA News) - The government raised Rp8 trillion in funds from the auction of five series of state bonds on Tuesday to cover part of financing target in the 2011 state budget.

Director General of Debt Management at the Finance Ministry Rahmat Waluyo said the government received Rp19.14 trillion bids for the state bonds in the auction.

The bonds sold in the auction were series SPN12120914 worth Rp1.7 trillion, FR0053 worth Rp0.65 trillion, FR0059 worth Rp3.65 trillion, and FR0057 worth Rp2.00 trillion.

The bonds series SPN12120914 issued at a weighted average yield of 4.5 percent will mature on September 14, 2012.

The bonds series FR0053 due on July 15, 2021 are issued at a weighted average yield of 6.70 percent and at a coupon of 8.25 percent and the bonds series FR0059 due on May 15, 2027 are issued at a weighted average yield of 7.16 percent and at a coupon of 7.00 percent.

The bonds series FR0057 issued at a yield of 7.70 percent and at a coupon of 9.50 percent will fall due on May 15, 2041.

No bids for the bonds series SPN03111214 were accepted in the auction.
(Uu.S012/H-NG/O001)

Editor: Priyambodo RH
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