Govt Earns Rp15 Trillion from Bond Sales

The government raised Rp15 trillion from the sales of sold five series of bond on Tuesday.

The bond was oversubscri8bed with demand valued at Rp21.68 trillion, the debt management directorate general said in a statement.

The bond series were auctioned with yields ranging from 6.89 percent to 9.15 percent, and maturities from June 11, 2015 to 15 March 2034.

The funds from the bond ssales would be used to help finance the 2014 state budget.