Indonesia raises 12 trillion rupiah in bonds, above target

JAKARTA: Indonesia's finance ministry raised 12 trillion rupiah ($1.03 billion) at a bond auction on Tuesday, well above an indicative target of 8 trillion rupiah, the ministry's debt office said.

The country sold all offered securities, except for 31-year bonds. Most yields were higher compared with the previous auction on Nov. 6.

The yield for 1-year T-bill was 6.57271 percent, up from 6.19991 percent. The yield for 11-year bond was 8.36025, higher than 8.02940 percent.

Yield for 16-year bonds was 8.96370, rising from 8.47277 percent. Total bids were 22.8 trillion rupiah, double the 11.72 trillion rupiah received on Nov. 6.