KSE100 34350.42  ▲ Increased By 231.03 (0.68%)
KSE30 15000.89  ▲ Increased By 85.48 (0.57%)
BR100 3516.22  ▲ Increased By 11.22 (0.32%)
BR30 18244.64  ▲ Increased By 13.27 (0.07%)

Business Recorder Logo

Jun 07, 2020 PRINT EDITION
Markets

Indonesia raises 8trn rupiah in sukuk auction, matches target

JAKARTA: Indonesia raised 8 trillion rupiah ($572.45 million) in an Islamic bond auction on Tuesday, matching the indica

July 23, 2019

JAKARTA: Indonesia raised 8 trillion rupiah ($572.45 million) in an Islamic bond auction on Tuesday, matching the indicative target, the financing and risk management office at the finance ministry said.

The weighted average yields of the project-based sukuk sold on Tuesday were lower than yields of comparable sukuk at the previous auction on July 9.

Total incoming bids at Tuesday's auction were 16.48 trillion rupiah.

Copyright Reuters, 2019