Jakarta (Antara Bali) - The government plans to auction three series of bonds valued at Rp12 trillion to raise fund to help finance the state budget.
The auction of the bonds with a nominal value of Rp1 million per unit would take place on January 20, the debt management directorate general of the finance ministry, said in a statement here on Thursday.
Payment of interest for the series of SPN12160107 would be through discount with maturity on Jan. 7 in 2016
Other two series will carry a fixed coupon rate of 8.375 percent with maturities of 2024 and 2034 .
The auction would be and open one held by Bank Indonesia.
The government has the right sell the three series of bonds with amount larger or smaller than the indicative amount of Rp12 trillion. (WDY)
