ID :
16425
Wed, 08/20/2008 - 01:26
Auther :
Shortlink :
https://www.oananews.org//node/16425
The shortlink copeid
GOVT TO AUCTION BONDS WORTH RP3 TRILLION
Jakarta, Aug 19 (ANTARA) - The government plans to sell three types of state bonds worth Rp3 trillion in an auction on August 26, a Finance Ministry spokesman said.
The bonds up for auction would bear the serial numbers of SPN20090731, FR0036, and FR0050, chief of the ministry's public relations service Samsuar Said said on Tuesday.
"The SPN20090731 bonds will become due on July 31, 2009 with discounted interest payments," he said.
The FR0036 bonds which carried a fixed interest rate of 11.5 percent would mature on September 15, 2019 and the FR0050 bonds which carried a fixed interest rate of 10.5 percent would fall due on July 15, 2038, he said.
Interest on the FR0036 bonds would be paid every March 15 and September 15 and that on the FR0050 bonds every January 15 and July 15, he said.
Bidders can submit both competitive and non-competitive purchase bids for the bonds. The SPN20090731 bonds allocated for non-competitive purchase will be 50 percent while the FR0036 and FR0050 bonds allocated for non-competitive purchase will be 20 percent each.
The government had the right to sell the three types of state bonds at higher or lower prices than the indicative amount, he said.
The bonds up for auction would bear the serial numbers of SPN20090731, FR0036, and FR0050, chief of the ministry's public relations service Samsuar Said said on Tuesday.
"The SPN20090731 bonds will become due on July 31, 2009 with discounted interest payments," he said.
The FR0036 bonds which carried a fixed interest rate of 11.5 percent would mature on September 15, 2019 and the FR0050 bonds which carried a fixed interest rate of 10.5 percent would fall due on July 15, 2038, he said.
Interest on the FR0036 bonds would be paid every March 15 and September 15 and that on the FR0050 bonds every January 15 and July 15, he said.
Bidders can submit both competitive and non-competitive purchase bids for the bonds. The SPN20090731 bonds allocated for non-competitive purchase will be 50 percent while the FR0036 and FR0050 bonds allocated for non-competitive purchase will be 20 percent each.
The government had the right to sell the three types of state bonds at higher or lower prices than the indicative amount, he said.
