JAKARTA. Within a two weeks period, government booked a worth of Rp 14.10 trillion of order for ORI013 series of State Retail Bonds. It is expected that the order will hike at the end of offering period, thanks to the shift in investment from the old series of Bonds of Republic of Indonesia (ORI), which will mature in immediate time. Director of State Bonds Affairs at Directorate General of Funding and Risk Management (DJPPR) at Ministry of Finance Loto Srinaita Ginting said that as of 12 Oktober 2016 government had secured a worth of Rp 14.10 trillion of order for ORI013. The amount is equal with 70.50% of Rp 20 trillion of ORI013 issuance.“The government is optimistic to meet the target,” he said. During the offering period, one of the sales agents PT Bank Mandiri found the high demand for ORI013. Director of Consumer Banking at Bank Mandiri Hery Gunardi said that as of 11 October 2016 the bank had secured a worth of Rp 1.6 trillion of order for ORI013. The number has surpassed a worth of Rp 1,55 trillion of order target. Most of the orders come from Jakarta.
ORI013 is overshadowed by the sluggish market
JAKARTA. Within a two weeks period, government booked a worth of Rp 14.10 trillion of order for ORI013 series of State Retail Bonds. It is expected that the order will hike at the end of offering period, thanks to the shift in investment from the old series of Bonds of Republic of Indonesia (ORI), which will mature in immediate time. Director of State Bonds Affairs at Directorate General of Funding and Risk Management (DJPPR) at Ministry of Finance Loto Srinaita Ginting said that as of 12 Oktober 2016 government had secured a worth of Rp 14.10 trillion of order for ORI013. The amount is equal with 70.50% of Rp 20 trillion of ORI013 issuance.“The government is optimistic to meet the target,” he said. During the offering period, one of the sales agents PT Bank Mandiri found the high demand for ORI013. Director of Consumer Banking at Bank Mandiri Hery Gunardi said that as of 11 October 2016 the bank had secured a worth of Rp 1.6 trillion of order for ORI013. The number has surpassed a worth of Rp 1,55 trillion of order target. Most of the orders come from Jakarta.