Govt To Auction Sharia State Bonds On Feb 5

Jakarta, Jan 30 (ANTARA) - The government plans to sell sharia state bonds worth Rp1.5 trillion in an auction on February 5 to meet part of the financing target in the 2013 state budget. The bonds up for the auction comprise four series of existing issue and one series of new issue, the Directorate General of Debt Management at the Finance Ministry said in a written statement released on Wednesday. The four series of existing issues include PBS002, PBS003 and PBS004, while the series of new issue is SPN-S06082013. The bond series SPN-S06082013 due on August 6, 2013 will be issued at a discount yield, with state land and buildings as underlying assets, the statement said. The bond series PBS001 due on February 15, 2018 will be issued at a yield of 4.45 percent, the bond series PBS002 due on January 15, 2022 at a yield of 5.45 percent, the bond series PBS003 due on January 15, 2027 at a yield of 6.00 percent and the bond series PBS004 due on February 15, 2037 at a yield of 6.10 percent. The four series of bonds will be issued using projects/activities in the 2013 state budget as underlying assets. The auction will be conducted in an open way using a multiprice method. In principle, all parties, either individual or institutional investors can bid for the bonds. But in practice, the bids must be made through auction participants that have secured approval from the Finance Ministry.