Indonesia sells 100 billion yen in samurai bonds

JAKARTA: Indonesia raised 100 billion yen ($911.66 million) in samurai bonds sales, the finance ministry said in a statement on Thursday, which carried a slightly higher pricing than last year's issuance.

The government sold the yen-denominated bonds in four series and most of the sales were allocated to the 3-year and 5-year tenors, which have coupon rates of 0.67 percent and 0.92 percent respectively.

The finance ministry's budget financing and risk management office said in the statement that the sale was "successful" and the government received a positive response from investors despite global market volatility.