INDONESIA - CAPITAL MARKETS - Indonesia to Sell More Bonds Next Year to Plug Deficit

www.thejakartaglobe.com - Indonesia, which has been running a budget deficit since the Asian monetary crisis more than a decade ago, plans to sell 11 percent more bonds next year to finance its budget shortfall.

The government plans to raise total net bond sales to Rp 177.3 trillion ($19 billion) next year compared with Rp 159.6 trillion this year, with the country aiming to sell more notes even as the budget deficit is projected to narrow next year.

“The government will sell rupiah bonds and dollar-denominated bonds next year,” the government said in a budget statement.

The document also showed that the government would sell regular and retail bonds in the domestic market.   (source)