Govt. scores major success with retail bond

In a major underscoring of the high level of confidence in the economy, the government has raised the target for its sixth issuance of retail bonds to more than double its original target of Rp3.6 trillion, The Jakarta Globe reported.

Strong demand from investors, spurred by the 9.35% interest rate on the three-year bonds, took orders for the debt at Rp6.32 trillion by Wednesday, with two more days before the order closed.