Govt Sells Bonds Worth Rp8.5 Trillion

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)