Indonesia raises $1.27 billion at bond auction

Indonesia sold 16 trillion rupiah ($1.27 billion) of conventional bonds at an auction on Tuesday, above an indicative target of 12 trillion rupiah, an official from the finance ministry's debt office said. The weighted average yield of three-month T-bills was 5.64200 percent. The one-year T-bills had the weighted average yield of 6.20538 percent, lower than 6.44242 percent from the previous auction on January 20.
The weighted average yields for four-year and 14-year bonds were 6.70931 percent and 6.96176 percent, respectively. Total incoming bids were 40.234 trillion rupiah, lower than last incoming bids of 54.785 trillion rupiah.