GOVT TO SELL RP5 TRILLION WORTH OF BONDS

Jakarta, Jan 10 (ANTARA) - The government will sell state debentures (SUN) in rupiah nomination worth Rp5 trillion through an auction to be held on Tuesday, a finance ministry official said.

Finance Ministry Spokesman Harry Z. Soeratin said in press statement made available to ANTARA here on Sunday that the turnout of the nominative Rp5 trillion state debenture sales would be used to cover part of the financing in the 2010 state budget.

The state debentures that would be auctioned on Tuesday consisted of four bond series, namely series SPN20110113, FR0027 (reopening), FR0028 (reopening) and FR0052 (reopening).

Series SPN20110113 bonds, offered with a discount interest rate payment and a one-year maturity period, will mature on January 13, 2011.

Series FR0027 with a fixed rate of 9.50 percent will mature on June 15, 2015. Its coupon will be paid on every June 15 and December 15.

In the meantime, series FR0028 with a fixed rate of 10 percent will mature on July 15, 2017. Its coupon payment will be carried out on every January 15 and July 15. Series FR0052 will carry a fixed rate of 10.50 percent and fall due on August 15, 2030. Coupon will be paid on every February 15 and August 15.

The government has the right to sell the four series bonds at a higher or lower price than the indicative value as mentioned earlier, he said.