JAKARTA (Thomson Financial) - The Indonesian government's third-ever treasury retail bond sale has attracted demand totaling 8.67 trillion rupiah, a finance ministry official said Friday.

The sale of bonds in the ORI003 series started on Aug. 27 and is due to end today, according to Rahmat Waluyanto, director general for debt management at the ministry.

The government will decide the final amount to be sold on Monday.

The ORI003 will mature on September 12, 2011 and will carry an annual coupon rate of 9.40 percent.

The government will use the bond proceeds to help cover its budget deficit and repay maturing debt.

As part of the conditions of the retail bond sale, investors have a minimum order requirement of 5 million rupiah, compared to 1 billion rupiah in a normal bond sale.

The government issued its first retail bond last year.

(1 US dollar = 9,419 rupiah)

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it