Government To Sell State Bonds Valued At Rp4 Trillion

Jakarta, Nov 29 (Antara) - The government said it will sell state bonds on Dec 3 valued at Rp4 trillion to help finance 2013 state budget. The Debt Management Directorate General of the Finance Ministry said in a statement on Friday the bonds would be auctioned with a nominal value of Rp1 million per unit. The bonds will carry discount rates and fixed interest rate of 7.875 - 8.375 percent a year with maturities from 2014 to 2034. Sales would be handled in an open auction by Bank Indonesia.