"The total of yesterday`s auction bidding reached Rp50.13 trillion and is the largest in the history of our securities sales, wwhile incoming bits on July 6, 2011 were valued at Rp30 trillion. This means that demand for the state bonds is increasing," Director General of Debt Management Rahmat Waluyanto said here Friday.
Rahmat said the high demand from investors, especially foreign investors, for state bonds signaled an increase in foreign investors` perception of Indonesia`s economic fundamentals.
"It also shows investors` favorable perception of Indonesia`s economy," he said.
The government had absorbed Rp10, 5 billion in funds of incoming bids amounting to Rp50,13 trillion over five auctions of government bonds on Thursday, which is intended to meet most of the target of 2012 state budget.
Details of the five bond series are SPN03120429 with Rp12, 48 trillion worth of incoming bids. The government has absorbs Rp800 billion. SPN12130111 with Rp12, 29 trillion incoming bids, the government absorbed Rp1 trillion.
Bond series FR0061 has Rp6, 11 trillion incoming bids where Government absorbed Rp2.1 trillion. The FR0059 series has Rp7, 42 trillion incoming bids where the government absorbs Rp3.4 trillion, and the FR0058 series with Rp11, 82 trillion incoming bids allows the government to absorb Rp3.20 trillion.
The amount absorbed from the auction was Rp10, 5 billion, greater than a predetermined amount indicative of Rp7 trillion.
The re-issuance of SUN SPN03120429 series with fixed interest of 7.00 per cent will be due on 29 April 2012. The SPN12130111 (reissue) series with discounted interest payment due on January 11, 2013.
The FR0061 series reissued with a 7.00 per cent fixed interest rate which due on May 15, 2022, and the coupon payments made every May 15 and November 15. Series FR0059 (reissue) with a fixed interest rate of 7.00 percent, maturing May 15, 2027, and payment coupons every May 15 and 15 November.
Series FR0058 (reissue) with a fixed interest rate of 8.25 percent, maturing on June 15, 2032 and payment coupons each June 15 and December 15.
(SYS/A050/A014)
Editor: Suryanto
Copyright © ANTARA 2012
