NEWS ON TRADE AND INVESTMENT IN INDONESIA
31 August 2004

ECONOMY
BOND ISSUE SUCCESS WHILE EXPORTS AND INFLATION ARE BETTER THAN EXPECTED
The Ministry of Finance said in a statement the 10-year bonds were sold at a weighted average yield of 11.74%. The ministry said it had received Rp3.74 trillion worth of bids. There is enough confidence that investors pushed up the size of Tuesday’s bond issue by 50% to Rp3 trillion ($324 million).

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