Jakarta (ANTARA News) - The government sold US dollar-denominated state bonds worth US$1.75 billion early this week to help offset a deficit in the 2012 state budget, a Finance Ministry spokesman said on Thursday.

The bonds were part of the country`s Global Medium Term Notes (GMTN) which would reach US$15 billion, the head of the ministry`s communication and information service, Yudi Pramadi said in a written statement.

The 30-year state bonds series RI0142 were issued at a coupon of 5.25 percent and a yield of 5.375 percent.

He said the bonds due on January 17, 2042 would be issued on January 17, 2012.

The bonds were 2.06 times oversubscribed with total order book reaching US$3.6 billion.

Nearly 51 percent of the bonds were sold to US investors, 12 percent to European investors and 37 percent to Asian investors, including those from Indonesia.

He said 73 percent of the investors were asset managers, 20 percent banks, 4.0 percent pension funds and 3.0 percent privately-run banks.

The bonds received a BBB- rating from Fitch, a BB+ rating from Standard and Poor, and a Ba1 rating from Moody`s. The outlook of the bonds are stable.

"Joint lead managers and joint bookrunners in the transactions are HSBC, JP Morgan, and Standard Chartered, with PT Mandiri Sekuritas acting as a co-manager," he said.(*)

Editor: Heru Purwanto
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