GOVT TO OFFER BONDS WORTH RP5 TRILLION ON APRIL 20

Jakarta, April 16 (ANTARA) - The government will offer rupiah-denominated state bonds of Rp5 trillion in an auction on April 20 to meet part of financing target in the 2010 state budget.

The bonds up for the auction will be series SPN20110407, FR0027 FR0040 and FR0047, all of them the reopening of existing issues, the Finance Ministry said in a statement on Friday.

It said the bonds will carry a nominal value of Rp1 million each.

The one-year bonds series SPN20110407 will mature on April 7, 2011 with discount interest payments.

The fixed rate bonds series FR0027 due on June 15, 2015 will be issued at a coupon of 9.50 percent with coupon payments to be made every June 15 and December 15.

The fixed rate bonds series FR0040 due on September 15, 2025 will be issued at a coupon of 11.00 percent with coupon payments to be made every March 15 and September 15.

The fixed rate bonds series FR0047 due on February 15, 2028 will be issued at a coupon of 10.00 percent with coupon payments to be made every February 15 and August 15.

The auction will use a multi price method, the statement said.

(S012/A/HAJM/13:45/f001)