GOVT TO OFFER BONDS OF RP5 TRILLION ON WEDNESDAY

Jakarta, March 22 (ANTARA) - The government will offer rupiah-denominated state bonds of Rp5 trillion in an auction on Wednesday to finance part of the financing target in the 2010 state budget.

The bonds consisting of series SPN20110303, FR0040, FR0052 and FR0050 have a nominal value of Rp1 million per unit, the Finance Ministry said in a press statement on Monday.

The bonds series SPN20110303 with discount interest payment will mature on March 3, 2011. The bonds series FR0040, FR0052 and FR0050 are all the reopening of the existing issues.

The bonds series FR0040 due on September 15, 2025 will carry a fixed rate of 11.00 percent. Coupon payments will be made every March 15 and September 15.
The bonds series FR0052 due on August 15, 2030 will carry a fixed rate of 11.50 percent. Coupon payments will be made every February 15 and August 15.
The bonds series FR0050 due on July 15, 2038 will carry a fixed rate of 10.50 percent. Coupon payments will be made every January 15 and July 15.

The bonds will be offered through an open auction using a multiple price method, the statement said.