JAKARTA: Indonesia's finance ministry sold 3.47 trillion rupiah ($261.00 million) of Islamic bonds at an auction, below 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 October 2017 was 5.50328 percent, higher than 5.50013 percent at the last auction on April 4.
The project-based sukuk maturing in May 2019 had a weighted average yield of 6.93000 percent, lower than the previous auction's 6.94979 percent.
The weighted average yield for the project-based sukuk maturing in August 2023 was 7.35948 percent.
The project-based sukuk maturing in November 2031 had a weighted average yield of 7.94986 percent, higher than 7.93932 percent at the previous auction.
The highest bid-to-cover ratio was 8.05 for the project-based sukuk maturing in November 2031.
There were no winning bids for the project-based sukuk maturing in May 2021.
Total incoming bids on Tuesday were 14.33 trillion rupiah, lower than the previous auction's 14.52 trillion rupiah.
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