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Business & Finance

Indonesia raises 6.14trn rupiah from Islamic bond auction

  • The comparable project-based sukuk were sold with lower average yields than in the previous auction on Nov. 24.
Published December 8, 2020 Updated December 8, 2020 05:36pm
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By Reuters
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JAKARTA: Indonesia raised 6.14 trillion rupiah ($435.5 million) from an Islamic bonds auction on Tuesday, slightly above indicative target, the finance ministry said in a statement.

The comparable project-based sukuk were sold with lower average yields than in the previous auction on Nov. 24.

The auction drew bids amounting to 27.8 trillion rupiah.

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