Govt To Sell Bonds To Help Plug Up Budget Deficit

Jakarta, Oct 18 (Antara) - The government will sell bonds worth around Rp8 trillion to help plug up 2013 state budget deficit. The bonds in five series would be sold at secondary market on Oct 22 with nominal value of Rp1 million per unit, information from the debt management directorate general said here on Friday. The bonds would be repayable between Oct, 2014 and April 2043 to be sold through auction to be held by Bank Indonesia. The one with maturity in Oct 2014 will carry a discount rate and the rest with longer maturities will carry fixed interest rates ranging from 7.875 percent to 9 percent a year.