Indonesia raises 7.04trln rupiah from Islamic bonds auction

• The weighted average yields for project-based sukuk sold on Tuesday were mixed compared with yields of comparable sukuk sold in the previous auction.

JAKARTA: Indonesia raised 7.04 trillion rupiah ($497.18 million) in an Islamic bonds auction on Tuesday, around the indicative target of 7 trillion rupiah, the financing and risk management office at the Finance Ministry said in a statement

The weighted average yields for project-based sukuk sold on Tuesday were mixed compared with yields of comparable sukuk sold in the previous auction.

Total incoming bids at Tuesday's auction were 29.91 trillion rupiah.