Government Buys Back Rp37.5 Billion State Bond

Jakarta, March 21 (Antara) - The Indonesian government is buying back the government bonds valued more than Rp37, 57 billion directly through repurchase government securities (GS) auctions in the secondary market on March 20, 2013. It is according to a written statement from Finance Ministry`s Directorate General of Debt Management (DGAT) received here Thursday. Securities repurchase transaction is done directly in the management of the government securities portfolio. The state bond transaction includes the FR0028 series with 10 percent coupon that will due on July 15, 2017, consisting of 37 572 units, with a weighted average price of 120.36 percent. Completion of the transaction will be held on March 22, 2013 in accordance with applicable regulations. Bonds that have been bought back through direct securities repurchase transactions is state paid and no longer valid. Direct securities repurchase transactions has been regulated under the Finance Minister Regulation No.170/PMK.08/2008 about State bond`s direct transaction, as amended several times and the last one is the PMK No.77/PMK.08/2012. Meanwhile, in the auction of the Islamic Bond (sukuk) or the Islamic state securities (SBSN) on March 19, 2013, the government absorbed at least Rp905 billion from bids amounting to Rp1.82 trillion. Head of Communication and Information Services of the Ministry of Finance Yudi Pramadi said that the government won the Islamic bond amounting to Rp115 billion for the PBS001 series with a weighted average of 5.25 percent, 4.45 percent rate of return, which will be due on February 15, 2018. The government did not win the bids for the series PBS003 and PBS002 As for PBS004, the government won by Rp790 billion with a weighted average of 6.66 percent, 6.10 percent rate of return, and the securities will be due on February 15, 2037. The bid for the PBS004 series is Rp1, 23 trillion with the lowest at 6.63 percent and the highest at 7.25 percent.