Indonesia raises 22 trln rupiah from debt auction, above target

JAKARTA: Indonesia raised 22 trillion rupiah ($1.52 billion) from a bi-weekly bond auction on Tuesday, the finance ministry said, above its indicative target.

The weighted average yields of the bonds were below comparable bonds in the previous auction on July 14.

Incoming bids reached 72.78 trillion rupiah, above the bids in the previous auction.