{
    "success": true,
    "data": {
        "id": 1137343,
        "msgid": "govt-swaps-bonds-with-longer-maturity-debt-1447899208",
        "date": "2005-12-09 00:00:00",
        "title": "Govt swaps bonds with longer-maturity debt ",
        "author": null,
        "source": "AP",
        "tags": null,
        "topic": null,
        "summary": "Govt swaps bonds with longer-maturity debt The government swapped Rp 5.67 trillion (US$579 million) of local-currency debt with longer-maturity debt, the first such transaction in the country. The government purchased eight series of bonds with maturities ranging from 2006 to 2009, said Mulia Nasution, director general of treasury at the finance ministry. The government received demand for Rp 7.72 trillion at the close of Thursday's auction in Jakarta.",
        "content": "<p>Govt swaps bonds with longer-maturity debt<\/p>\n<p>The government swapped Rp 5.67 trillion (US$579 million) of <br>\nlocal-currency debt with longer-maturity debt, the first such <br>\ntransaction in the country.<\/p>\n<p>The government purchased eight series of bonds with maturities <br>\nranging from 2006 to 2009, said Mulia Nasution, director general <br>\nof treasury at the finance ministry.<\/p>\n<p>The government received demand for Rp 7.72 trillion at the <br>\nclose of Thursday's auction in Jakarta.<\/p>\n<p>Indonesia has been selling and buying back local currency <br>\nbonds and paying off higher-yielding debt.<\/p>\n<p>Indonesia spent more than Rp 600 trillion to bail out banks <br>\nafter the Asian financial crisis of 1997 and 1998, raising funds <br>\nthrough so- called recapitalization bonds.<\/p>\n<p>\"This move will help change the profile our debt,\" Nasution <br>\nsaid.<\/p>\n<p>\"The maturity profile of our debt will improve.\"<\/p>\n<p>Bondholders and banks bought the government's 11 percent <br>\nbonds, which mature on Nov. 15, 2020, at a price of 79 cents a <br>\ndollar, Nasution said.<\/p>\n<p>Indonesia's debt is rated B2, five levels below investment <br>\ngrade, by Moody's Investors Service. It's rated B+, four levels <br>\nbelow investment grade, by Standard &amp; Poor's. -- Bloomberg<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/govt-swaps-bonds-with-longer-maturity-debt-1447899208",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}