Jakarta (Antara Bali) - The government raised Rp7.3 trillion in funds from the sale of five series of state bonds in an auction on Tuesday.
The government will use proceeds from the issuance of state bonds to meet part of financing target in the 2012 state budget, the directorate general of debt management at the finance ministry said in a statement on Tuesday.
The 7.3 trillion consists of Rp0.25 trillion from the bonds series SPN03120621, Rp1 trillion from the bonds series SPN12130307, Rp1.95 trillion from the bonds series FR0060, Rp2.05 trillion from the bonds series FR0061, and Rp2.05 trillion from the bonds series FR0058.
The bonds series SPN03120621 due on June 21, 2012 will be issued at a weighted average yield of 3.08 percent and the bonds series SPN12130307 due on March 7, 2013 will be issued at a weighted average yield of 4.04 percent.
Meanwhile, the bonds series FR0060 due on April 15, 2017 will be issued at a yield of 5.12 percent and a coupon of 6.25 percent, series FR0061 due on May 15, 2022 at a yield of 5.87 percent and a coupon of 7.00 percent, series FR0058 due on June 15, 2032 at a yield of 6.73 percent and a coupon of 8.25 percent.(IGT)
