Indonesia to sell 78 trillion rupiah of bonds in Q1

JAKARTA: Indonesia plans to issue 78 trillion rupiah ($6.41 billion) of bonds in the first quarter of the year to help fund its budget deficit, the finance ministry's debt office said.

Southeast Asia's largest economy will hold its first auction of the year on Jan. 7, aiming to raise 10 trillion rupiah.

It will offer 3-month and 1-year T-bills, as well as five-, 10-, 20-year bonds.

The bond issuance excludes dollar-denominated, foreign-denominated bonds, and retail bonds of both conventional and sharia securities.