ID :
70873
Fri, 07/17/2009 - 20:47
Auther :
Shortlink :
https://www.oananews.org//node/70873
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RI ISSUES SAMURAI BONDS WORTH 35 BILLION YEN
Jakarta, July 17 (ANTARA) - The Indonesian government has issued Samurai bonds worth a total of 35 billion yen, a Finance Ministry official said.
Rahmat Waluyanto, director general of debt management at the finance ministry, said here on Friday, the Indonesian government through the ministry, on July 17 had set the price of the Samurai bonds at 35 billion yen.
"The state debentures mature in 10 years' time and carry an interest of 2.73 percent," he said.
The bonds were issued through private placement with qualified institutional buyers such as insurance companies and banks in Japan. The official settlement date of the transactions will be July 29.
"The transaction will be the first Samurai Bond issued by the Indonesian government with a guarantee from the Bank for International Cooperation worth US$1.5 billion," he said.
The government decided to issue the Samurai bonds at a volume which was relatively not too big although demand was higher because of several reasons such as the fact that they were issued by the Indonesian government for the first time.
The decision was also taken in view of the domestic market which was conducive and hopefully able to absorb the remainder of state bonds issued in 2009.
Until July 14, 2009 the issuance of state debentures had reached 72 percent of the target of gross bond issuance of 2009, he said.
He said the value had also been set at 35 billion yens upon consideration on the need to maximize the use of stand-by financing facility from the JBIC until 2010.
"The transaction has gone smoothly and was not affected by bombings in Jakarta," he said. ***
Rahmat Waluyanto, director general of debt management at the finance ministry, said here on Friday, the Indonesian government through the ministry, on July 17 had set the price of the Samurai bonds at 35 billion yen.
"The state debentures mature in 10 years' time and carry an interest of 2.73 percent," he said.
The bonds were issued through private placement with qualified institutional buyers such as insurance companies and banks in Japan. The official settlement date of the transactions will be July 29.
"The transaction will be the first Samurai Bond issued by the Indonesian government with a guarantee from the Bank for International Cooperation worth US$1.5 billion," he said.
The government decided to issue the Samurai bonds at a volume which was relatively not too big although demand was higher because of several reasons such as the fact that they were issued by the Indonesian government for the first time.
The decision was also taken in view of the domestic market which was conducive and hopefully able to absorb the remainder of state bonds issued in 2009.
Until July 14, 2009 the issuance of state debentures had reached 72 percent of the target of gross bond issuance of 2009, he said.
He said the value had also been set at 35 billion yens upon consideration on the need to maximize the use of stand-by financing facility from the JBIC until 2010.
"The transaction has gone smoothly and was not affected by bombings in Jakarta," he said. ***
