Indonesia Raises 20.7 Trillion Rupiah at Bond Auction, Below Target
Indonesia sold 20.7 trillion rupiah ($1.14 billion) in Tuesday’s bond auction, against a 30 trillion rupiah target. Incoming bids were about half the average level over the past two months, the finance ministry said.
Indonesia's bond sales slumped to 20.7 trillion rupiah ($1.14 billion) on Tuesday, with incoming bids during its biweekly auction coming in at about half the average level over the past two months, the finance ministry said.The ministry had targeted to raise 30 trillion rupiah, with an upsize poten…