Indonesia raises 18.5 trillion rupiah from debt auction

• The weighted average yields of the bonds were lower than the yields of comparable bonds in the previous auction on Feb. 4
• Total incoming bids at Tuesday's auction were 127.1 trillion rupiah.

JAKARTA: Indonesia raised 18.5 trillion rupiah ($1.35 billion) in a biweekly bond auction on Tuesday, above an indicative target of 15 trillion rupiah, the financing and risk management office at the finance ministry said.

The weighted average yields of the bonds were lower than the yields of comparable bonds in the previous auction on Feb. 4

Total incoming bids at Tuesday's auction were 127.1 trillion rupiah.