Government Auction 5 Series of Government Securities

The government will soon auction off five series of government securities (Surat Utang Negara - SUN) with a total indicative value of IDR 7 trillion on January 10, 2012. The fund will be used to fulfill part of the state budget 2012 target.

Government Securities

The five series are SPN03120411 SUN series (new issuance) with an interest payment discount and the due is on April 11, 2012.

SPN012130111 Series (new issuance) with an interest payment discount and the due is on January 11, 2013.

FR0060 Series (reopening) with a fixed interest rate of 6.250 percent, maturing on April 15, 2017, the coupon payment is done on every April 15 and October 15.

Others, FR0061 Series (reopening) with a fixed interest rate of 7.000 percent, maturing on May 15, 2022, coupon payments is done on every May 15 and November 15.

FR0058 Series (reopening) with a fixed interest rate of 8.250 percent, maturing on June 15, 2032, coupon payments is made on every June 15 and December 15.

Directorate General of Debt Management of Ministry of Finance, stated on the press release said the sale of these government securities would be done by the auction system organized by Bank Indonesia.

This will be an open auction by using multiple price method. Winner of the auction to bid non-competitive will pay in accordance with the weighted average yield of the winning competitive bid.

Source: Kompas