Indonesia raises 1.56 trillion rupiah of Islamic bonds, above target

JAKARTA: Indonesia's finance ministry raised 1.56 trillion rupiah ($138.02 million) at an Islamic bonds auction on Tuesday, above an indicative target of 1.5 trillion rupiah, the ministry's debt office said.

The ministry sold all offered bonds with total incoming bids of 3.576 trillion rupiah, higher than 3.362 trillion rupiah on March 25 auction.

The weighted average yield for six-month Islamic bonds was 6.14062 percent, while the yield for six-year project-based sukuk was 8.01970 percent.

The yield for 13-year project-based sukuk was 8.45739 percent, down from 8.75977 percent previously.

The yield for 29-year project-based sukuk fell to 8.88063 percent, against 9.04616 percent.