Markets

Indonesia sells 13.5trn rupiah at bond auction, above target

Published July 22, 2014 Updated July 22, 2014 11:00am

JAKARTA: Indonesia sold 13.5 trillion rupiah ($1.16 billion) of conventional bonds at an auction on Tuesday, above an indicative target of 10 trillion rupiah, the finance ministry's debt office said.

Yields were mixed compared with the previous sale on July 8.

The weighted average yields of nine-month T-Bills were 6.58857 percent. The weighted average yields of one-year T-Bills were 6.80000 percent, which was higher than the previous auction of 6.74390 percent.

The yield for 20-year bonds was 8.65921 percent, lower than 8.79961 percent from the July 8 auction. The yield for 5-year bonds was 7.84943 percent, lower than 7.80319 percent.

The yield for 10-year bonds was 8.01976 percent

Total bids were 19.715 trillion rupiah, lower than 22.293 trillion rupiah bid at the last auction.