Indonesia raises 30 trillion rupiah from debt auction, matches target

JAKARTA: Indonesia raised 30 trillion rupiah ($2.08 billion) from a bond auction on Tuesday, matching its indicative target, amid volatile market condition, the finance ministry said.

Incoming bids on Tuesday amounted to 69.95 trillion rupiah, lower than previous auction on June 8, while the average weighted yields for bonds sold on Tuesday were mostly higher than comparable bonds sold in the previous auction.