Indonesia raises 20 trillion rupiah in bond auction

JAKARTA: Indonesia raised 20 trillion rupiah ($1.39 billion) in a bond auction on Tuesday, the maximum target amount, the financing and risk management office at the finance ministry said in a statement.

The weighted average yields for and sold on Tuesday were higher than yields of comparable bonds at the previous auction on July 17.

Foreign ownership of government bonds was close to 38 percent as of July 27, the financing and risk management office's official website showed.