Indonesia sells 4 bln USD global bonds to finance 2018 budget

JAKARTA, Dec. 5 (Xinhua) -- The government of Indonesia raised 4 billion U.S. dollars through global bond sales to help finance the budget next year, finance ministry said in a statement on Tuesday.

The sales ahead of the U.S. Fed. Reserve rate hike plan this month was undertaken to avoid risks of the rate hike.

The bonds were five, 10 and 30 years maturities with annual coupon rates of 2.96 percent, 3.5 percent and 4.35 percent respectively.

The U.S. Fed. Reserve is widely expected to increase its policy rate this month, which could increase borrowing costs for the Indonesian government.

The Standard & Poor Global rating has upgraded Indonesia's sovereign credit rating to investment grade. Enditem