Indonesia raises 1.82tn rupiah in sukuk auction, above target

JAKARTA: Indonesia raised 1.82 trillion rupiah ($198.12 million) in a sukuk auction on Tuesday, above a 1 trillion rupiah target, the finance ministry said in a statement.

It sold six and 15-year project-based sukuk, with no winning bids for 10 and 25-year project-based sukuk.

Foreign investors bought 930 billion rupiah of sukuk as of April 5, after selling 550 billion rupiah in March, the latest data from the debt office shows.

The ministry has set a target of raising 46.5 trillion rupiah in this quarter after raising 60.387 trillion rupiah of conventional and sharia bonds in the previous quarter.