"The amount is a secret to prevent the value from falling in the market," Director General of Debt Management of the finance ministry Robert Pakpahan said here on Wednesday.
Pakpahan said the ministry is also preparing to issue state bond in yen in the second half of the year.
He also kept secret the amount of the yen denominated bond to be issued in the Japanese market for the same reason.
In addition, the finance ministry will issue state sharia bond in US dollar denomination in the second half of this year to be offered to foreign investors, he said.
The fluctuation of rupiah will have its effect on the interest of investors especially foreign investors in the state bonds, he said, adding, "If rupiah weakens, they may not be interested.
Early January, 2014, Deputy Finance Minister Bambang Brodjonegoro said state bonds in foreign exchange denomination would be issued in the "right time."
Bambang said the global bonds would be issued taking into account the volatility of the state bond market amid the impact of the Fed trimming its massive financial stimulus.
"Which one is better - we issue bonds with slightly higher yield than normally or we may never issue one as we always think the yield is too high. The problem is we need more funds," he said.(*)
Editor: Heru Purwanto
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