Indonesia raises 8trn rupiah in sukuk auction, matches target

JAKARTA: Indonesia raised 8 trillion rupiah ($572.45 million) in an Islamic bond auction on Tuesday, matching the indicative target, the financing and risk management office at the finance ministry said.

The weighted average yields of the project-based sukuk sold on Tuesday were lower than yields of comparable sukuk at the previous auction on July 9.

Total incoming bids at Tuesday's auction were 16.48 trillion rupiah.