Indonesia to start selling 2014 retail bonds in Q2

JAKARTA: Indonesia's finance ministry plans to sell retail bonds starting in the second quarter of 2014, an official at the debt office said on Monday.

The country will sell sharia retail bonds between April and June, followed by a retail bond in the following quarter, head of debt office Robert Pakpahan told reporters, without giving details on the size.

Retail bonds are offered once a year to domestic investors to help fund the country's budget deficit.

Pakpahan also said the government aims to complete around 60 percent of its 2014 gross bond issuance in the first quarter.

Domestic dollar bonds, he added, will be sold in two tranches, one each in the first two quarters.