JAKARTA: Indonesia's finance ministry sold 185 billion rupiah ($15.7 million) of Islamic bonds at an auction on Tuesday, far below an indicative target of 1.5 trillion rupiah, the ministry's debt office said.
The ministry only sold six-month Islamic T-bills with yields of 5.96833 percent.
That was higher than the previous auction's 5.75000 percent.
There were no winning bids for the 6-year and 29-year project-based sukuk.
Total bids for Tuesday's auction was 2.717 trillion rupiah, lower than the 4.220 trillion rupiah in the June 3 auction.
The highest bid-to-cover ratio was at 9.74 for the six-month Islamic T-bills.
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