Flag carrier Garuda Indonesia (GIAA) will redeem its rupiah denominated bond worth Rp2 trillion (US$139.86 million), its CEO Pahala N. Mansury said in a press statement on Thursday (July 5). This bond has five years maturity (2013-2018) with term of full payment in maturity date and yield rate 9.25% per annum. Last 2013, Garuda issue bond in conjunction with corporate expansion programs as well as fleet revitalization. 80 percent of the fund is channeled into down payment for the new airline and the rest for rental fee.