Indonesia sells 6.58trn rupiah of Islamic bonds, above target
JAKARTA: Indonesia's finance ministry sold 6.58 trillion rupiah ($494.37 million) of Islamic bonds at an auction, above the indicative target of 6 trillion rupiah, its financing and risk management office said on Tuesday.
The weighted average yield for Islamic T-bills maturing in July 2017 was 5.85625 percent.
The project-based sukuk maturing in May 2019 had weighted average yield of 7.15391 percent, higher than the 6.88155 percent yield at previous Nov. 1 auction in 2016.
The weighted average yield for the project-based sukuk maturing in May 2021 was 7.62604 percent, higher than 7.15565 percent at the previous auction.
For the project-based sukuk maturing in August 2023, the weighted average yield was 7.96955 percent.
The project-based sukuk maturing in November 2031 had a weighted average yield of 8.36301 percent, above the previous auction's 7.87851 percent yield.
The highest bid-to-cover ratio was 8.95 for the Islamic t-bills maturing in July 2017.
Total incoming bids on Tuesday were 24.02 trillion rupiah, nearly five-fold than the previous auction's 4.98 trillion rupiah.
Comments
Comments are closed.