GOVT RAISES RP4.2 TRILLION FROM BOND SALES

Jakarta, Feb 9 (ANTARA) - The government earned Rp4.2 trillion from the sale of state bonds in an auction on Tuesday.

The bonds offered at the auction were series SPN20110210, FR0031, FR0040, and FR0052, Director General of Debt Management at the Finance Ministry Rahmat Waluyanto said.

The last three bonds were the reopenings of the existing issues.

Rahmat said the total amount of incoming bids for all the bonds was Rp10.23 trillion.

He said incoming bids for the bonds series SPN20110210 were Rp3.57 trillion at the highest yield/price of 7.25 percent and the lowest yield of 6.84 percent and those for the bonds series FR0031 were Rp2.62 trillion at the highest yield of 10.19 percent and the lowest yield of 9.78 percent.

Incoming bids for the bonds series FR0040 were Rp2.60 trillion at the highest yield of 11.59 percent and the lowest yield of 10.53 percent and those for the bonds series FR0052 were Rp1.45 trillion at the highest yield of 11.06 percent and the lowest yield of 10.75 percent, he said.

Based on the incoming bids the finance minister decided the accepted bids for the bonds series SPN20110210 were Rp1.75 trillion at a weighted average yield of 6.897 percent. The bonds will mature on February 10, 2011, he said.

He said the accepted bids for the bonds series FR0031 were Rp0.95 trillion at a weighted average yield of 9.85 percent and a coupon of 11 percent. The bonds will mature on November 15, 2020.

He said the accepted bids for the bonds series FR0040 were Rp0.75 trillion at a weighted average yield of 10.58 percent and a coupon of 11.00 percent. The bonds will mature on September 15, 2025.

The accepted bids for the bonds series FR0052 were Rp0.75 trillion at a weighted average yield of 10.77 percent and a coupon of 10.50 percent. The bonds will mature on August 15, 2030, he said.