The government plans to issue dollar-denominated bond worth US$1.5 billion or IDR13.8 trillion after three months ago it issued US$2 billion worth bond to the global market.
The amount of fund raised by the second bond, which will be 10-year bond, will be used to patch up the wider 2008 budget deficit.
The government on Monday night issued a request for proposal to around 10 potential foreign underwriters. The request mentions the government's plan to issue bond worth US$1.5 billion in the second quarter of 2008. The potential underwriters are asked to enclose their proposals by no later than Monday next week
Wednesday, April 23, 2008
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