Indonesia was able to raise IDR 12 trillion or USD 1.11 billion in its bond offering on Tuesday. This exceeded the initial target of IDR 8 trillion. The amount earned from the the auction was also surprising considering concerns posed over Indonesia's economic outlook.

The Finance Ministry announced that IDR 3.05 trillion worth of one-year T-bills and IDR 1.05 trillion worth of five-year bonds were sold at the auction. For ten-year bonds, a total of IDR 6 trillion was sold. For twenty-year bonds, IDR 1.9 trillion were also sold.

The bond offering also exceeded the target despite the decrease in yield of one-year T-bills. The Debt Office of the Finance Ministry said that one-year T-bills yielded only 6.87250%. At the previous auction held on July 30, the yield was at 6.95853%. The yield for ten-year bonds, however, increased. It is now 8.68650% from 8.06998% from the previous auction.

Compared with the July 30 auction which drew IDR 27.2 trillion incoming bids, the most recent offering only garnered IDR 23.02 trillion bids.