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Indonesia raises 17 trillion rupiah of bonds, above target
September 5, 2017 / 8:36 AM / 3 months ago

Indonesia raises 17 trillion rupiah of bonds, above target

JAKARTA, Sept 5 (Reuters) - Indonesia raised 17 trillion rupiah ($1.27 billion) worth of bonds at an auction, the finance ministry’s financing and risk management office said on Tuesday, above the indicative target of 15 trillion rupiah.

The government sold T-bills maturing in December 2017 with a weighted average yield of 4.90700 percent, while the T-bills maturing in September 2018 had a weighted average yield of 5.50633 percent.

The bonds maturing in May 2022 had a weighted average yield of 6.18242 percent.

The weighted average yield for bonds maturing in May 2027 was 6.64535 percent, down from 6.85881 percent at the last auction on Aug 22.

The bonds maturing in August 2032 had a weighted average yield of 7.04983 percent, lower than the previous auction’s 7.28994 percent.

Total incoming bids were 56.53 trillion rupiah, higher than 46.31 trillion rupiah received at the previous auction.

The highest bid-to-cover ratio was 5.33 for T-bills maturing September 2018.

$1 = 13,335 rupiah Reporting by Nilufar Rizki; Editing by Sherry Jacob-Phillips

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