Indonesia raises 800bn rupiah sukuk, yield falls

Tuesday, 12 June 2012 14:57

Posted by Muhammad Iqbal

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JAKARTA: Indonesia's government raised 800 billion rupiah ($85.06 million) of project-based sukuk in an auction on Wednesday, slightly below its target, the finance ministry said.The six-year project-based sukuk was at a yield of 5.92188 percent, down from 6.14266 percent in an auction last month, belying a recent trend of rising yields in government debt auctions amid global investor nerves over risky assets.

There were no winning bids in the auction for six-month sharia T-bills or 10, 15 and 25-year project-based sukuk.