Govt to sell bonds on Aug. 24

Fri, 13 Aug 2004 | Source: DJ

JAKARTA: The government will auction Rp 3 trillion (US$324 million) to Rp 5 trillion of treasury bonds Aug. 24, Minister of Finance Minister said on Thursday.

Boediono said he expects the yield to match that last month.

In July, the government issued Rp 3.5 trillion of treasury bonds at a weighted average yield of 11.59 percent.

The government plans to raise a total of Rp 28 trillion this year via the bond market to help finance the state budget.-- DJ

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