Indonesia raises 12.7 trillion rph from retail bonds

JAKARTA: Indonesia raised 12.7 trillion rupiah ($1.32 billion) from a retail bonds issue on Monday, above a 12 trillion rupiah target, said an official at the finance ministry.

The retail bonds, maturing in 2015, offer an annual coupon of 6.25 percent, higher than the current yield for 10-year benchmark bonds and for most local bank deposits, making them attractive to investors.

Entrepreneurs, private company employees and housewives were major buyers among around 25,000 investors.

Indonesia has raised 232.92 trillion rupiah of government bonds as of Oct 8, out of a gross target for 270.42 trillion rupiah this year, accordig to debt office data.