Govt Buy Back Bonds Through Debt Switch

VIVAnews - The government holds auction to buy back state bonds through debt switch mechanism. The auction will take place between 10 am and 1 pm local time by applying ministry of finance dealing system (MOFiDS).

Principally, all holders of the offered state bonds can participate in the auction. However, the delivery is carried out by a main dealer appointed by the government.

There are 18 listed main dealers which consist of 14 banks and four securities companies. The auction participants are namely Citibank NA, Deutsche Bank, HSBC, Bank BCA, Bank Danamon Indonesia, Bank BII, Bank CIMB Niaga, Bank Mandiri, Bank BNI, Bank Panin, Bank BRI, Bank Permata, Standard Chartered Bank, JP Morgan Chase Bank NA, Bahana Securities, Danareksa Sekuritas, Mandiri Sekuritas, Trimegah Securities.

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Translated by: Ariyantri E. Tarman