Insider Stories - The finance ministry plans to sell up to Rp 78 trillion ($6.41 billion) of bonds in the first quarter of the year, as part of its efforts to help plug the budget deficit, the ministry said in a statement.
Indonesia, which has been relying on the debt markets to help plug the budget deficit, will hold the first bond auction this year on Jan. 7 and aims to raise up to Rp 10 trillion.
The ministry will offer investors a 3-month and 1-year Treasury-bills and 5-year, 10-year, 20-year bonds.
The bond sale excludes the foreign-denominated bonds and retail bonds for both conventional and sharia debt papers.