Indonesia sells 10 trillion rupiah at bond auction, as targeted

16 Sep, 2014

JAKARTA: Indonesia sold 10 trillion rupiah ($836.1 million) of conventional bonds at an auction on Tuesday, as targeted, the finance ministry's debt office said.

Most yields were higher compared with previous sales in the first week of September.

The 10-month T-bills had the weighted average yield of 6.61560 percent.

The yields for 5-year and 10-year bonds were 8.04980 percent and 8.30677 percent, respectively, higher than 7.99000 percent and 8.21812 percent from the previous auction on Sept. 2.

The yield for the 20-year bond was 8.86988 percent.

The highest bid-to-cover ratio was 2.72 for the 10-year bond.

The statement did not include total bids for the auction.

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