Government Will Auction SUN 3 Trillion Worth

October 25, 2010

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The government plans to sell four series of government securities (GS) with an indicative amount of Rp 3 trillion by auction on October 26, 2010. Director General of Debt Management Waluyanto Finance Ministry in a statement here on Friday (22/10/10) said the sale of securities that are intended to meet some of the financing target in APBN-P 2010.

Four series that will be auctioned SUN is SPN20110929, FR0055 series, the series FR0053 and FR0056 series. Interest payments SPN20110929 (reopening) with interest payment discount, will mature on September 29, 2011 (tenor 11 months). Series FR0055 (reopening) with a fixed interest rate (fixed rate) of 7.375 percent, due on 15 September 2016 and carried a coupon payment every 15 March and 15 September.

While Series FR0053 (reopening) with a fixed interest rate (fixed rate) of 8.250 percent maturing July 15, 2021, coupon payments made each January 15 and July 15. Series FR0056 (reopening), which has a fixed interest rate of 8.375 percent, will be due 15 September 2026 and the coupon payments made each March 15 and 15 September.

Sales of government securities will be carried out using the auction system organized by Bank Indonesia. The auction will be open using a variety of pricing methods (multiple price). Auction winners who submit competitive bids (competitive bids) will be paid in accordance with the \"yield\" or returns filed.

Auction winners who submit non-competitive bids (non-competitive bid) will pay according to the weighted average yield of competitive bids which declared victorious.

Bidders may submit competitive bids and non-competitive. The allocation of the purchase of non-competitive for GS series SPN20110929 by 30 per cent of the indicative target. While the allocation of the purchase of non-competitive to FR0055, FRO053 and FRO056 by 20 per cent of the total that won. (Mediaindonesia.com)