Indonesian government sells $4 billion global bonds to finance 2018 budget

Indonesian goverment raised $4 billion through bond sales on global markets overnight to finance the 2018 budget, Finance Ministry said in a statement on Tuesday, adding that the timing of the sale was aimed at beating a potential US interest rate hike.
The bonds were five-, ten-, and thirty-year maturities and carried annual coupon rates of 2.95 percent, 3.50 percent and 4.35 percent respectively, the statement said.
Thirty-year bonds accounted for nearly half of the total issuance. The size of the order book was not divulged by the statement, which simply gave the number of investors, most of whom were US-based.