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JAKARTA. The government plans to auction off five series of state debentures (SUN) on October 4, 2011. In this auction, the government is targeting to absorb the funds of Rp 6 trillion. These funds to meet part of the state budget financing target in 2011.SUN to be auctioned has a nominal value of Rp 1 million per unit.
Of the five series are auctioned, four of whom are new series. SUNFourth, the series SPN03120105 (new issuance) which will mature on January 5, 2012. Then, the series SPN12121005 (newissuance) with a tenor of one year and will mature on October 5, 2012. Then, the series FR0060 (new issuance) with a fixed interestrate (fixed rate) and maturity date 15 April 2017. As well, the seriesFR0061 (new issuance) with a fixed interest rate and mature onMay 15, 2022.
One other series being offered is a series FR0058 (reopening),with a fixed rate of 8.25%. This series will mature on June 15, 2032.
The government is optimistic, auction SUN investors still will be overrun as the financial markets are recovering. "Hopefully, stillgood as last week. Moreover, demand is still quite large and themarket have also begun to improve," said Director General of Debt Management, Ministry of Finance Rahmat Waluyanto, in Jakarta,Monday (3 / 10).
In a government auction held last week, the number of bids that goaround Rp 10.25 trillion. In these auctions, the government onlyabsorb Rp 4.15 trillion, or lower than the indicative target of Rp 5 trillion. "Yield to offer investors higher than our benchmark, so we decided to not take it," he said.
source: kontan.co.id
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Of the five series are auctioned, four of whom are new series. SUNFourth, the series SPN03120105 (new issuance) which will mature on January 5, 2012. Then, the series SPN12121005 (newissuance) with a tenor of one year and will mature on October 5, 2012. Then, the series FR0060 (new issuance) with a fixed interestrate (fixed rate) and maturity date 15 April 2017. As well, the seriesFR0061 (new issuance) with a fixed interest rate and mature onMay 15, 2022.
One other series being offered is a series FR0058 (reopening),with a fixed rate of 8.25%. This series will mature on June 15, 2032.
The government is optimistic, auction SUN investors still will be overrun as the financial markets are recovering. "Hopefully, stillgood as last week. Moreover, demand is still quite large and themarket have also begun to improve," said Director General of Debt Management, Ministry of Finance Rahmat Waluyanto, in Jakarta,Monday (3 / 10).
In a government auction held last week, the number of bids that goaround Rp 10.25 trillion. In these auctions, the government onlyabsorb Rp 4.15 trillion, or lower than the indicative target of Rp 5 trillion. "Yield to offer investors higher than our benchmark, so we decided to not take it," he said.
source: kontan.co.id
please give me comments thanks
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