GOVT TO AUCTION RP2 TRILLION WORTH OF BONDS

Jakarta, July 24 (ANTARA) - The Indonesian government plans to offer Rp2 trillion worth of rupiah-denominated state bonds in an auction on July 28, the Finance Ministry said.

The bonds up for auction will be series SPN20100715, FR0043, FR0047 and FR0050. The first three are reopenings of existing issues, the ministry's directorate general of debt management said in a statement on Friday.

Proceeds from the issuance of the bonds with a face value of Rp1 million per unit will be used to meet part of financing target in the 2009 state budget, the statement said.

Zero coupon bonds SPN20100715 will mature on July 15, 2010.

Fixed rate bonds FR0043 which will carry a coupon rate of 10.25 percent will become due on July 15, 2022 with coupon payments to be made every January 15 and July 15.

Fixed rate bonds FR0047 will mature on February 15, 2028 with a coupon rate of 10 percent to be paid every 15 February and August 15 and fixed rate bonds FR0050 will become due on July 15, 2038 with a coupon rate of 10.50 percent to be paid every January 15 and July 15.

The statement said the open auction which will use a multiple price method will start at 10.00 and end at 12.00 western Indonesian time on July 28. The results of the auction will be made public on the same day.