"This shows demand or trust in Indonesia is still high," he claimed here on Thursday.
The minister stated that the strong interest was apparent as the demand reached almost seven times the target of proceeds set at only one billion euro.
Basri explained that the issuance of the foreign exchange bond was done at the right moment following the European Central Banks decision to offer a monetary stimulus and provide room for investors to invest in the Eurobond.
"Our bond offers a yield of up to 2.9 percent, which is lower than the coupon in the US dollar-denominated bond of the same kind that offers around 4.0 percent," the minister pointed out.
"This is the governments strategy. When the yield of the dollar-denominated bond is up, we enter into the Eurobond whose yield is down," Basri noted.
The Indonesian government sold euro-denominated state securities, RIEURO721, worth one billion euro on Wednesday night.
This is the first Eurobond sold by the Indonesian government in the international market.
The decision was taken as part of the governments efforts to diversify financing sources, expand the bases of global investors, and meet some of the financing targets in the 2014 revised budget.
The bonds tenure is up to seven years with the due time on July 8, 2021, with a coupon set at 2.88 percent, yield at 2.98 percent, and the price at 99.37 percent.
The total order booked for the RIEURO721 series was worth 6.7 million euros, and the excess demand reached 6.7 folds.(*)