Jakarta (Antara Bali) - The government plans to auction Rp2 trillion worth of sharia bond series on June 30, 2015, the finance ministry said .
The fund is needed to cover part of the deficit in the 2015 state budget, the directorate general of finance and risks said in a statement here on Wednesday.
The bond series SPN-S 15012016 would mature on January 15, 2016 with underlying assets of land and buildings.
There are also project backed bond series of PBS006 with underlying asset carrying a yield of 8.25 percent maturing on 15 September 2020.
The bond series of PBS007 with yield of 9 percent would mature on 15 September 2040 and PBS008 with a yield of 7 percent and maturity on 15 June 2016.
The bidders for the auction for long term bond series could submit competitive and non competitive bids with the Deposit Insurance Agency (LPS) sumitting non competitive bids.
Bidders of short term bond series could submit competitive bids with Bank Indonesia and LPS submitting non competitive bids.
Winners of auction submitting competitive bids would pay in line with the yield proposed . Winners submitting non-competitive bids would pay based on weighted average yield of the competitive bids declared as winners. (WDY)
COPYRIGHT © ANTARA News Bali 2015
The fund is needed to cover part of the deficit in the 2015 state budget, the directorate general of finance and risks said in a statement here on Wednesday.
The bond series SPN-S 15012016 would mature on January 15, 2016 with underlying assets of land and buildings.
There are also project backed bond series of PBS006 with underlying asset carrying a yield of 8.25 percent maturing on 15 September 2020.
The bond series of PBS007 with yield of 9 percent would mature on 15 September 2040 and PBS008 with a yield of 7 percent and maturity on 15 June 2016.
The bidders for the auction for long term bond series could submit competitive and non competitive bids with the Deposit Insurance Agency (LPS) sumitting non competitive bids.
Bidders of short term bond series could submit competitive bids with Bank Indonesia and LPS submitting non competitive bids.
Winners of auction submitting competitive bids would pay in line with the yield proposed . Winners submitting non-competitive bids would pay based on weighted average yield of the competitive bids declared as winners. (WDY)
Editor : I Gusti Bagus Widyantara
COPYRIGHT © ANTARA News Bali 2015