GOVT TO AUCTION RP5 TRILLION STATE DEBENTURES

Jakarta, May 14 (ANTARA) - The government plans to auction four series of state debentures (SUN) of an indicative total of Rp5 trillion.

Debt Management Director General Rahmat Waluyanto said in Jakarta Friday the auction will be held on May 18, 2010, to meet some of the targets in the 2010 State Budget.

Each of the four SUN has a nominal value of Rp 1 million with series SPN20110505 (reopening) and discounted interest payment and mature on May 5, 2011.

The others are of series FR0027 (reopening) with a fixed interest rate of 9.5 percent and matures on June 15, 2015. Coupons are paid on every June 15 and December 15.

Series FR0040 (reopening) with a fixed interest rate of 11 percent and matures on September 15, 2025. Coupons are paid on every March 15 and September 15.

And the last is series FR0052 (reopening) with a fixed interest rate of 10.5 percent and matures on August 15, 2030. Coupons are paid on every February 15 and August 15.

Allocation of non-competitive purchases of SUN series SPN20110505 is 30 percent of the indicative target, while the allocation of non-competitive purchases of series FR0027, FR0040 and FR0052 is 20 percent of the total that is won.

The public sale will be opened on May 18, 2010 at 10 am and closed at 12.00 local time.