REPUBLIKA.CO.ID, JAKARTA -- The government raised on Wednesday Rp15 trillion from the sales of five series of state bonds to be used partly to plug up deficit in 2014 state budget.
Directorate general of debt management of the finance ministry said in a statement, offer was oversubscribed with demand totaling Rp28.4 trillion.
The amount raised from the bond sales by the government was higher than indicative target of Rp10 trillion set earlier.
The bonds with yields ranging from 5.74 percent to 9.9 percent would be repayable from May 2014 to March 2034.
Director General of Debt Management Robert Pakpahan described the result of the auction as positive, saying investors had seen the improvement in the country's economic performance.
The condition raised the market interest, Robert added.
"We are happy with the result. Investors have seemed to study our data and found the data encouraging such as inflation, trade balance and GDP figure," he said.
The impact of liquidity turbulence in emerging markets turned out to be minimum in Indonesia, he said.
He said he hoped investors would continue to have confidence in our bonds amid the turbulence caused by the Fed trimming its financial stimulus.
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