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Indonesia govt says to raise $1.9 bn from bonds by end-Nov
September 30, 2010 / 3:37 AM / 7 years ago

Indonesia govt says to raise $1.9 bn from bonds by end-Nov

JAKARTA, Sept 30 (Reuters) - Indonesia’s government plans to raise a total of 17 trillion rupiah ($1.90 billion) from bond issues by the end of November, a director of the debt management office said on Thursday.

“There are 17 trillion in bonds left to be issued until November,” said Bhimantara Widyajala, bond director at the debt office.

“Those include 1 trillion rupiah in sukuk, 2 trillion rupiah in sukuk via private placement to the Religious Affairs Ministry, and samurai bonds.”

Asked whether the government can push yields further down, he said, “the government (has) the upper hand now. We can decide to issue which type and size of bonds.”

Foreign investors are holding a record amount of Indonesian government bonds this week after buying 4.2 trillion rupiah ($469.2 million) worth in the past two weeks.

On Sept. 28 foreigners held 181.12 trillion rupiah in bonds, or 28.2 percent of total tradeable bonds, Indonesian debt office data showed. (Reporting by Aditya Suharmoko; Editing by Sara Webb)

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