Jakarta (Antara Bali) - The government will auction out in auction five series of state bonds on March 15 to raise fund to help plug up deficit in the state budget.
A release issued by the finance ministry on Saturday said the bonds have an indicative amount of Rp12 trillion with maximum target of 18 trillion.
The five series include SPN12170302 with interest to be paid through discount maturing on 2 March 2017; FR0053 with fixed interest rate of 8.25 percent maturing on 15 July 2021;FR0073 carrying a fixed coupon rate of 8.75 percent maturing on 15 May 2031; FR0072 with fixed coupon rate of 8.25 percent maturing on 15 May 2036 and FR0067 with a fixed coupon rate of 8.75 percent maturing on 15 February 2044.
The bond sales would be through auction held openly by Bank Indonesia , the central bank, using varied prices. (WDY)
