Jakarta (Antara Bali) - The government has auctioned off four series of state bond valued at Rp8.5 trillion.
The auction on Tuesday was oversubscribed almost twice as high with offers received from investors reaching Rp16.3 trillion, a spokesman of the finance ministry Yudi Pramadi said.
Yudi said in a statement here the bond funds will be used to help finance the 2013 state budget.
The four series of bonds included SPN12140116, FR0066 , FR0063 and FR0064 .The government raised Rp1 trillion from SPN12140116 series, with demands reaching Rp4.7 trillion.
The series with maturity on Jan. 16 in 2014, has an average weighted yield of 4.32719 percent.
The FR0066 series to carry a coupon rate of 5.25 percent and an average weighted yield of 4.6732 percent was sold at Rp2.15 trillion with demand reaching Rp2.32 trillion and maturity on May 15, 2018.(*/DWA/IGT)
COPYRIGHT © ANTARA News Bali 2013
The auction on Tuesday was oversubscribed almost twice as high with offers received from investors reaching Rp16.3 trillion, a spokesman of the finance ministry Yudi Pramadi said.
Yudi said in a statement here the bond funds will be used to help finance the 2013 state budget.
The four series of bonds included SPN12140116, FR0066 , FR0063 and FR0064 .The government raised Rp1 trillion from SPN12140116 series, with demands reaching Rp4.7 trillion.
The series with maturity on Jan. 16 in 2014, has an average weighted yield of 4.32719 percent.
The FR0066 series to carry a coupon rate of 5.25 percent and an average weighted yield of 4.6732 percent was sold at Rp2.15 trillion with demand reaching Rp2.32 trillion and maturity on May 15, 2018.(*/DWA/IGT)
Editor : Masuki
COPYRIGHT © ANTARA News Bali 2013