Indonesia raises IDR 12 trillion in bond offering

By

Indonesia was able to raise IDR 12 trillion or USD 1.11 billion in its bond offering on Tuesday. This exceeded the initial target of IDR 8 trillion. The amount earned from the the auction was also surprising considering concerns posed over Indonesia's economic outlook.

The Finance Ministry announced that IDR 3.05 trillion worth of one-year T-bills and IDR 1.05 trillion worth of five-year bonds were sold at the auction. For ten-year bonds, a total of IDR 6 trillion was sold. For twenty-year bonds, IDR 1.9 trillion were also sold.

The bond offering also exceeded the target despite the decrease in yield of one-year T-bills. The Debt Office of the Finance Ministry said that one-year T-bills yielded only 6.87250%. At the previous auction held on July 30, the yield was at 6.95853%. The yield for ten-year bonds, however, increased. It is now 8.68650% from 8.06998% from the previous auction.

Compared with the July 30 auction which drew IDR 27.2 trillion incoming bids, the most recent offering only garnered IDR 23.02 trillion bids.

Tags
Indonesia, Bonds

© 2024 VCPOST.com All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics