Government Sells Bonds To Cover 2012 Budget

Jakarta (Antara Bali) - The Indonesian government is selling state bonds worth Rp9 trillion to assist in funding the 2012 state budget.

According to a written statement from the Debt Management Directorate General of the Finance Ministry received here on Wednesday, the total auction bids from four bond series reached Rp19.49 trillion.

The winning bid was Rp9 trillion, larger than the previous target set at Rp6 trillion.

The Rp6 trillion bonds consist of the SPN12130404 valued at Rp1 trillion, the FR0061 valued at Rp3.3 trillion, the FR0059 valued at RP2.7 trillion, and the FR0058 series valued at Rp2 trillion, which will be issued April 5.

The government will also re-auction the state's four Islamic retail bonds on April 10, the sukuk series, based on projects and a series of state Islamic treasury letters, seeking a target bid of Rp1 trillion.(IGT/T007)