Indonesia raises 12 trillion rupiah at bond auction, as targeted

JAKARTA: Indonesia sold 12 trillion rupiah ($949.37 million) of conventional bonds at an auction on Tuesday, in line with an indicative target, an official from the finance ministry's debt office said.

The debt office management planned to raise 78.5 trillion rupiah in the first quarter of 2015.

The nine-year bond had a weighted average yield of 8.03075 percent and the weighted average yield of 19-year bond was 8.43958 percent in the first sales of the year.

The yield for three-month T-bills was 5.99700 percent and the yield for one-year T-bills was 6.91849 percent.

Tuesday's auction had total incoming bids of 22.875 trillion rupiah.

The highest bid-to-cover ratio was 6.63 for the three-month T-bills.