www.thejakartaglobe.com - The government is planning to auction zero-coupon bonds and state sukuk (Islamic bonds) next Tuesday.
The
bond series that will be auctioned is PBS001, PBS002, PBS003 and
PBS004. All of those series will be reopened during the auction.
The
government will also issue the SPN-S 09112912 series to fulfill the
state’s financing needs in the 2012 state budget. The targeted funding
from the auction is Rp 1 trillion (US$109 million). (source)
“The auction
will be conducted using a system organized by Bank Indonesia. The
auction will be made open using multiple price methods. Principally, all
investors – individuals or institutions – can bid in the auction but
their bids must go through auction participants that have been set by
the Finance Ministry,” the ministry’s public relations head, Yudi
Pramadi, said in a statement on Thursday.
The auction will start at 10 a.m. on May 8 and will end at 12 p.m. The results of the auction will be announced at 3:30 p.m.
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