REPUBLIKA.CO.ID, JAKARTA - The government plans to sell rupiah bonds in five series valued at 10 trillion IDR on July 22.

A written statement of the the debt management directorate general said on Friday the bond fund would be used to help finance the revised 2014 state budget.

The bonds would be repayable from May 2015 to March 2034 with fixed coupon rates ranging from 7.88 percent to 8.38 percent. The bonds would be sold through open auction by the central bank, Bank Indonesia.

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