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Indonesia aims to raise 2tr rupiah in debt sale

10-Aug-2009 Intellasia | Reuters | 7:01 AM

Indonesia expects to raise 2 trillion rupiah (100 rupiah = RM0.04) in an auction of government debt paper next week as part of its funding of the budget deficit, the finance ministry said in a statement yesterday.

The ministry raised 2.2 trillion rupiah at its last debt auction on June 23, slightly above its target, on the back of expectations of better economic conditions.

It has so far raised around 98 trillion rupiah out of a gross debt issuance target of 142.3 trillion rupiah for this year.


Category: Indonesia

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