JAKARTA, Oct 4 (Reuters) - Indonesia raised 7.5 trillion rupiah ($782.47 million) worth of government bonds from an auction on Thursday, above a 5 trillion rupiah target, with yields falling amid strong demand, the debt office said.
There were 18.83 trillion rupiah of incoming bids, compared to 11.9 trillion rupiah in a Sept 25 auction. The highest bid-to-cover ratio was 3.71 for three-month T-bills.
Benchmark one-year T-bills saw an average weighted yield of 4.5 percent, down from 4.68 percent on Sept 25.
Southeast Asia's biggest economy aims to raise 29 trillion rupiah worth of conventional and sharia bonds in the fourth quarter this year, for total bond issuance of 173.15 trillion rupiah in 2012. ($1 = 9,585 rupiah)
(Reporting by Adriana Nina Kusuma; Writing by Rieka Rahadiana; Editing by Neil Chatterjee)
Keywords: INDONESIA ECONOMY/DEBT