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