Business & Finance
Indonesia govt sells 100.53 trillion rupiah of bonds to central bank
- The ministry said the sale was its eighth and final transaction for 2020, under a special agreement with Bank Indonesia, with the central bank relinquishing interest payments.
JAKARTA: Indonesia's finance ministry on Thursday sold 100.53 trillion rupiah ($7.13 billion) of bonds to the central bank in a private placement transaction, part of a debt monetisation agreement to fund COVID-19 relief efforts.
The ministry said the sale was its eighth and final transaction for 2020, under a special agreement with Bank Indonesia, with the central bank relinquishing interest payments.
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