INDONESIA GOVT TO AUCTION BONDS Rp. 10 TRILLION JULY 8

**Indonesian government** (image source: Antara)

Jakarta, 9 Ramadan 1435/7 July 2014 (MINA) – Indonesian government planned to auction five series of government bonds or government securities (GS) in rupiah currency with an indicative amount of 10 trillion rupiahs on July 8, 2014.

In a statement of the Directorate General of Debt Management, Ministry of Finance said the sale of GS through the auction to meet part of financing target in 2014 revised state budget, according to Antaranews report quoted by Mi’raj Islamic News Agency (MINA) as reporting Sunday.

The GS which to be auctioned has one million rupiah per unit. There are five GS to be auctioned. There are SPN12141009 (resale), SPN12150710 (new issuance), FR0068 (resale), FR0069 (resale), and FR0071 (resale).

The Interest payments of SPN12141009 will be discounted. The bonds will mature on October 9, 2014. While the SPN12150710 Interest payments are also discounted. It will mature on July 10, 2015.

FR0068 series has fixed interest rate of 8.38 percent and matures March 15, 2034, FR0069 series has fixed interest rate of 8.38 percent and a maturity of 15 April 2019, and FR0071 series has a fixed interest rate of 7.88 percent and matures March 15, 2029 .

The GS Sale will be held by Bank Indonesia using a system of auctions. The auction will be open and use a variety of pricing methods.

The government has the right to sell the fifth government bonds larger or smaller than the indicative amount set. (T/P04/E01)

Mi’raj Islamic News Agency (MINA)