Indonesia raises 10.8trn rupiah from debt auction, below target

JAKARTA: Indonesia raised 10.8 trillion rupiah ($746.11 million) in a bond auction on Tuesday, below the indicative target of 15 trillion rupiah, the financing and risk management office at the finance ministry said in a statement.

The weighted average yields of the bonds sold on Tuesday were higher than yields of comparable bonds at the previous auction on May 7.

Total incoming bids at Tuesday's auction were 26.2 trillion rupiah, smaller than in the previous auction.