Robert Pakpahan, head of the debt office within Indonesia's Finance Ministry, said the bond sale will be conducted by Bank Indonesia through an open auction, using the multiple price method. Competitive bids will receive a yield in line with the bid, while non-competitive bidders receive a price that is the average bid price of all competitive bids (weighted average yield). He added the nominal value of these bonds are IDR 1 million per piece.

Government Bonds Issuance (SUN) - 29 March 2016:

Series Coupon Due Date
SPN12170302   n.a. 02 March 2017
FR0056 8.375% 15 September 2016
FR0073  8.75% 15 May 2031
FR0072  8.25% 15 May 2036

Source: Investor Daily

Up to 24 March 2016, the government of Indonesia has sold a total of IDR 244.12 trillion (approx. USD $18.5 billion) worth of government debt paper, or 45 percent of its full-year target of IDR 542.5 trillion. The government's fiscal deficit in 2016 is targeted at 2.15 percent of gross domestic product (GDP).