JAKARTA: Indonesia's finance ministry sold 6.5 trillion rupiah ($481.05 million) of Islamic bonds at an auction on Tuesday, above the indicative target of 5 trillion rupiah, its financing and risk management office said.
The weighted average yield for Islamic T-bills maturing in May 2018 was 4.99917 percent.
The project-based sukuk maturing in May 2019 had a weighted average yield of 5.87243 percent, lower than the 5.88564 percent yield at the previous auction on Oct. 24.
The weighted average yield for the project-based sukuk maturing in May 2021 was 6.42000 percent, up from 6.40123 percent at the last auction.
The weighted average yield for the project-based sukuk maturing in August 2023 was 6.62952 percent, compared with 6.60745 percent in the previous auction.
The sukuk maturing in November 2031 had a weighted average yield of 7.37980 percent, lower than the last auction's 7.42991 percent.
Total incoming bids on Tuesday were 12.82 trillion rupiah, down from 13.87 trillion rupiah in the previous auction.
The highest bid-to-cover ratio was 3.85 for the Islamic T-bills maturing in May 2018.
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