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Indonesia raises 12.5 trln rupiah from Islamic bonds auction, above target

  • Incoming bids amounted to 48.7 trillion rupiah, the highest for an Islamic bond auction this year.
Published June 29, 2021 Updated June 29, 2021 12:36pm
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By Reuters
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JAKARTA: Indonesia raised 12.5 trillion rupiah ($863.86 million) from an Islamic bond auction on Tuesday, higher than the indicative target, the finance ministry said in a statement.

The average weighted yields were below its comparable bonds in the previous auction on June 15. There were no winning bids for T-bills maturing in December 2021 and project-based sukuk maturing in March 2034.

Incoming bids amounted to 48.7 trillion rupiah, the highest for an Islamic bond auction this year.

indonesia Indonesian rupiah

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