Indonesia Issues Rp 3.3t of Debt To Finance Budget Shortfall
Indonesia sold Rp 3.3 trillion ($333 million) of bonds and bills in an auction on Tuesday to help cover its budget deficit, the Finance Ministry said.
The auction moved Rp 1.7 trillion of bonds maturing in September 2024 and Rp 700 billion of bonds maturing in August 2030, the ministry said.
The government also sold Rp 300 billion of bonds maturing in November 2020 and Rp 600 billion of bills maturing in September 2010. The debt sale was oversubscribed by Rp 8.2 trillion.
Bloomberg
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