Government Raises Rp18 Trillion From Bond Sales

Jakarta (Antara Bali) - The government has raised Rp18 trillion from the sales of state bonds to be used to help finance the state budget.

The bond sales were  oversubscribed with demand reaching Rp46.8 trillion, the directorate general of financing and risk management said here Tuesday night.

The bonds sold  included the series of SPN03161020 valued at Rp2 trillion carrying an average weighted yield of 5.34465 percent with maturity on  20 October 2016; the series of SPN12170720, valued at Rp1.3 trillion with an average  weighted yield of 6.14615 percent  and maturity on  20 July, 2017; the series of FR0053, valued at  Rp4.05 trillion  with average weighted yield of 6.85354 percent and maturity  on 15 July 2021; the series of FR0056, valued at Rp4.25 trillion with average weighted yield of 7.08588 percent maturing on 15 September 2026; and the series of FR0072, valued at Rp5.7 trillion  with average weighted yield of  7.47993 percent maturing on 15 May, 2036. (WDY)