JAKARTA: Indonesia's finance ministry sold 6.352 trillion rupiah ($461.46 million) of Islamic bonds at an auction on Tuesday, below the indicative target of 8 trillion rupiah, its financing and risk management office said.
The weighted average yield for Islamic T-bills maturing in October 2018 was 4.32563 percent, higher than 4.29427 percent at the last auction on April 3.
The project-based sukuk maturing in March 2020 had a weighted average yield of 6.12653 percent, up from 6.05982 percent in the previous auction.
The sukuk maturing in January 2022 had a weighted average yield of 6.44974 percent, higher than the last auction's 6.38984 percent.
The sukuk maturing in November 2031 had a weighted average yield of 7.44944 percent, up from 7.35799 percent in the previous auction.
The sukuk maturing in February 2037 had a weighted average yield of 7.65183 percent, lower than the previous auction yield of 7.66682 percent.
There were no winning bids for the project-based sukuk maturing in October 2025 and July 2047.
Total incoming bids on Tuesday were 10.19 trillion rupiah, down from about 11.20 trillion rupiah in the previous auction.
The highest bid-to-cover ratio was 2.06 for the Islamic T-bills maturing in October 2018.
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