JAKARTA: Indonesia raised 11.7 trillion rupiah ($843.12 million) in a bond auction on Tuesday, above its indicative target of 10 trillion rupiah, the financing and risk management office at Finance Ministry said in a statement.
The government sold 15 trillion rupiah in bonds, the auction’s maximum target, at the previous auction on May 22.
The government on Tuesday sold T-bills maturing in September 2018 with a weighted average yield of about 5.30 percent, and those maturing in June 2019 with around 6.0 percent.
The weighted average yields of the bonds sold on Tuesday were mostly lower than yields of comparable bonds at the last auction.
Tuesday auction’s total incoming bids were 29.31 trillion rupiah, compared with 31.48 trillion rupiah in the previous auction.
Source: Brecorder
