Indonesia raises 760 bln rupiah from sukuk auction, below target

JAKARTA, March 5 Tue Mar 5, 2013 6:19am EST

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JAKARTA, March 5 (Reuters) - Indonesia's finance ministry raised 760 billion rupiah ($78.30 million) at its March 5 sukuk auction, well below the target of 1.5 trillion rupiah, the Finance Ministry's debt office said in a statement on Tuesday.

The ministry sold 6-month, 9- and 14-year sukuk to help finance its budget deficit. Incoming bids were 3.4 trillion rupiah.

The G20 economy plans to raise 57.5 trillion rupiah in the first quarter of the year. ($1 = 9,706 rupiah) (Reporting by Andjarsari Paramaditha, Editing by Jonathan Thatcher and Ron Popeski)

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