Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Indonesia Cuts Sept. 16 Bond Buyback as Deutsche Didn’t Deliver

Sept. 21 (Bloomberg) -- The Indonesian government reduced the amount of bonds it bought back on Sept. 16 to 183 billion rupiah from an earlier announced figure of 303 billion rupiah, the finance ministry’s debt management office said in a statement on its website today.

Deutsche Bank AG didn’t complete the transaction as it “failed to deliver” 120 billion rupiah of bonds to the finance ministry by the Sept. 20 settlement deadline, the statement said.

The system failure was external to Deutsche Bank and the ministry is aware the non-delivery was out of the bank’s control, Mark Bennewith, a Singapore-based spokesman at the bank said in an e-mailed statement.

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.