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Business & Finance

Indonesia aims to raise 6 trillion rupiah in debt auction

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By Shoaib Ur Rehman
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JAKARTA: Indonesia's finance ministry aims to raise 6 trillion rupiah ($650.05 million) in a debt auction on May 14, the debt office said in a statement on Thursday.

The ministry plans to sell three-month and one-year T-bills, as well as bonds with 10-year, 15-year and 20-year tenors.

Indonesia has sold 146.32 trillion rupiah in bonds as of May 2 this year, 53.8 percent of its total target for 2012 of 272 trillion rupiah, according to the debt office.

 

Copyright Reuters, 2012

 

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