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Government Auction Plan Rp5 Trillion SUN

Jakarta (ANTARA) - The government plans to auction four series Government Securities (SUN) with a total indicative Rp5 trillion.

Debt Management Director General Rahmat Waluyanto in his statement here on Thursday, said an auction of rupiah-denominated government securities will be made by the government on May 4, 2010, to meet part of the target of state budget financing in 2010.

SUN fourth series has a nominal per-unit with a series of Rp1 million SPN20110505 with the discount and interest payments due on May 5, 2011.

Then, the series FR0040 (Reopening) with a fixed interest rate of 11 per cent and maturing 15 September 2025. Coupon payments made each March 15 and September 15

Series FR0047 (Reopening) with a fixed interest rate of 10 percent with a maturity date February 15, 2028. Coupon payments made each February 15 and August 15.

And the last series is the series FR0050 (Reopening) with a fixed interest rate of 10.5 per cent and maturing July 15, 2038. Coupon payments due every January 15 and July 15.

Allocation of the purchase of non-competitive for GS series SPN20110505 for 30 percent of the indicative targets, while non-competitive allocation of purchase for FR0040, FR0047 and FR0050 at 20 percent of the total of won.

This auction opened on May 4, 2010 at 10:00 am and closes 12:00 pm.