Indonesia govt sells 100.53 trillion rupiah of bonds to central bank

JAKARTA: Indonesia's finance ministry on Thursday sold 100.53 trillion rupiah ($7.13 billion) of bonds to the central bank in a private placement transaction, part of a debt monetisation agreement to fund COVID-19 relief efforts.

The ministry said the sale was its eighth and final transaction for 2020, under a special agreement with Bank Indonesia, with the central bank relinquishing interest payments.