GOVT TO AUCTION RP3 TRILLION BONDS OCT 20

Jakarta, Oct 15 (ANTARA) - The government will offer rupiah-denominated state bonds of Rp3 trillion in an auction on October 20, a Finance Ministry official said.

The government will use proceeds from the issuance of the bonds, all of them reopening of the existing issues, to meet part of the financing target in the 2009 state budget, the ministry's director general of debt management, Rahmat Waluyanto, said in a statement on Thursday.
The bonds up for auction will be series SPN20101007, FR0040, and FR0052.

The zero coupon bonds series SPN20101007 will mature on October 7, 2010.

The fixed rate bonds series FR0040 due on September 15, 2025 will be issued at a coupon of 11 percent to be paid every March 15 and September 15.

The fixed rate bonds series FR0052 which will be issued at a coupon of 10.50 percent will mature on August 15, 2030. Coupon payments will be made every August 15 and February 15.
The bonds would be offered in an open auction using a multiple price method. The auction will be opened at 10.00 and closed at 12.00 western Indonesian time. The results of the auction will be announced on the same day.

Earlier, on September 15, 2009, the government also offered rupiah-denominated state bonds of Rp2 trillion to meet part of financing target in the 2009 state budget.

The bonds up for the September 15, 2009 auction were series SPN20100902, FR0031, FR0044, and FR0052. ***2***
(S012/B/HAJM/B003)