Jakarta (Antara Bali) - The government will auction five series of state bond on Oct 13 to raise fund to help plug up deficit in the 2015 state budget.
The directorate general of risk and finance management of the finance ministry said the government hoped to raise not more than Rp12 trillion from the bond sales.
The five series of state bond will carry fixed interest rates of 8.25 percent and 8.375 percent to be repayable from January 2016 to May, 2036 .
The bond sales would be held openly by Bank Indonesia through auction.
In auction of four series of state bonds on Sept. 29 in 2015, the government accepted only Rp1.55 trillion of a total bid of Rp8.25 trillion much below the target of Rp12 trillion. (WDY)
