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Bonds Buyback

The Limping Financial System

Tuesday, August 12, 2003

The government has started buying back recapitalization bonds. But the vital function of bank intermediation is still not being fulfilled.

arsip tempo : 173518807532.

. tempo : 173518807532.

REGARDLESS of the large repurchase targets set, the prices demanded were too high. This is what has torpedoed the government's latest tender in the state bond buyback from the banking system and the public. The tender outcome fell far short of government expectations and consequently the value of bonds bought back was not large.

The tender was conducted on Tuesday in the office of the State Bond Management Center (PMON). The government onl

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