GOVT TO SELL RP2 TRILLION IN STATE BONDS ON JULY 14

Jakarta, Jul 10 (ANTARA) - The government will sell state bonds in rupiah denominations worth Rp2 trillion by tender on July 14,2009.

Finance ministry spokesman Harry Z. Soeratin said in Jakarta Thursday the state bonds will be of four different serial numbers SPN20100715, FR0043 (reopening), FR0044 (reopening), and FR0047 (reopening).

The indicative Rp 2 trillion in the tender was aimed at partially meeting some of the projected expenditures in the 2009 State Budget.

Serial SPN20100715 with a discounted interest payment will fall due on July 15, 2009, serial FR0043 (reopening) has a fixed interest rate of 10.25 percent and will mature on July 15, 2022, and the coupons will be paid on every January 15 and July 15.

Serial FR0044 (reopening) has a fixed interest rate of 10 percent and will mature on September 15, 2024, and coupon payments are on every March 15 and September 15.

Serial FR0047 (reopening) also has a fixed interest rate of 10 percent, maturing on February 15, 2028 with coupon payments on every February 15 and August 15.

The sale of the state bonds with each unit having a nominal value of Rp1 million, will be carried out in a tender held by Bank Indonesia. It will be an open auction with multiple prices.

"The government will have the right to sell the four serial state bonds either higher or lower than the set indicative amount," Herry said.