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Jun 07, 2020 PRINT EDITION
Markets

Indonesia raises 8trn rupiah from Islamic bond auction, matches target

JAKARTA: Indonesia raised 8.03 trillion rupiah ($563.11 million) in a biweekly Islamic bond auction on Tuesday, matching

August 06, 2019

JAKARTA: Indonesia raised 8.03 trillion rupiah ($563.11 million) in a biweekly Islamic bond auction on Tuesday, matching the indicative target, according to the financing and risk management office at the finance ministry.

The weighted average yields of project-based sukuk sold on Tuesday were higher compared with yields of comparable sukuk at the previous auction on July 23.

Total incoming bids were 18.05 trillion rupiah.

 

 

Copyright Reuters, 2019