Indonesia sells US$4b debt amid low yields

Jakarta

INDONESIA sold US$4 billion of 10- and 30-year dollar bonds, taking advantage of borrowing costs near a 19-month low to raise funds.

The 2025 debt was priced to yield 4.2 per cent and the longer maturity at 5.2 per cent, according to a statement on the Finance Ministry's debt management office website. The sale drew bids for 4.8 times the amount raised, it said. The Philippines sold US$2 billion of 25-year notes this week at 3.95 per cent, an all-time low, and the sale was seven times oversubscribed.