An Issue of Interest

The government floats retail bonds at a permanent 9.28 percent interest, but not as attractive as private sector bonds.

March 13, 2007

SIGNS that the state obligation ORI 002 series would be snapped up were visible even before the market opened. Sinta, customer service officer at a state-owned bank appointed as one of the sales agents, said that, since the beginning of last week she’d already received offers with a value of Rp12 billion. But actually, the official sale of the promissory notes sold specifically to individuals didn’t start until last Thursday.

ORI 002 is ind

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