JAKARTA: Indonesia sold 17.3 trillion rupiah ($1.37 billion) of conventional bonds at an auction on Tuesday above an indicative target of 12 trillion rupiah with lower yields than the previous auction on Jan. 6, an official from the finance ministry's debt office said.
The one-year T-bills had the weighted average yield of 6.44242 percent, lower than 6.91849 percent from the last auction.
The weighted average yields for nine-year and 19-year bonds were 7.47718 percent and 7.92764 percent respectively, lower than 8.03075 percent and 8.43958 percent from the previous sales.
Total incoming bids were 54.785 trillion rupiah, more than double from last incoming bids of 22.876 trillion rupiah.
Highest bid-to-cover ratio was 5.83 for one-year T-bills.
Finance ministry also issued 3 trillion rupiah in total from six-year and seven-year rupiah denominated bonds on Jan. 2 this year via private placement.
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