The Finance ministry said the sale was the biggest by a sovereign issuer in Japan's debt market this year, amid choppy global market conditions due to monetary tightening and geopolitical tensions

The 5-year notes carry a coupon of 4.40%, while the 10-year notes have a 4.70% coupon, below the sovereign's initial price guidance

Total revenue in the January-March quarter surged 32.1% from the same period last year to 501 trillion rupiah, while spending fell 6.2% to 490.6 trillion rupiah

Bank Indonesia reports that transactions using the local currency settlement facility reached $2.53 billion in 2021, more than double the value recorded in 2020