TABLE-Indonesia sells 11.55 trln rupiah of bonds on Monday, yields up

Tue May 7, 2013 12:17am EDT

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May 7 (Reuters) - Indonesia raised 11.55 trillion rupiah ($1.19 billion) in
a government bond auction on May 6, well above an initial target of 8 trillion
rupiah, with most yields rising from the previous auction, the finance ministry
said on Monday.
    Yields were higher for the one-year T-bill and for 15- and 20-year bonds,
after rating agency Standard and Poor's last week cut its outlook for Indonesia
to stable from positive.
    The highest bid-to-cover ratio was 2.10 for 5-year bond.
    Following are results of the auction. Bids are in trillions of rupiah,
yields are in percent.
                    3-mth    1-yr    15-yr        20-yr        5-yr
                    T-bill   T-bill                                       
 Incoming bids        1.870   2.784        3.383       7.8135        4.298
 (trln rph)                                                    
 Winning bids             1   1.350        2.250          4.9        2.050
 (trln rph)                                                    
 - Competitive            1   0.675        2.250          4.9         1.95
 bids                                                          
 - Non competitive        0   0.675            0            0          0.1
 bids                                                          
 Lowest yield       3.50000  3.9500      6.22000      6.49000      4.95000
 (pct)                            0                            
 Highest yield      4.35000  5.0000      6.71000      6.72000      5.42000
 (pct)                            0                            
 Weighted avg       3.77390  4.0922      6.25961      6.52998      4.99921
 yield                            2                            
 Bid-to-cover          1.87    2.06         1.50         1.59         2.10
 ratio                                                         
 NOTE: The highest and lowest yields refer to incoming bids, not bids absorbed by
the ministry. 
 ($1 = 9,734.5 rupiah)

 (Compiled by Nilufar Rizki in Jakarta; Editing by Rieka Rahadiana and Anand
Basu)
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