Indonesia sells 3.47 trln rupiah of Islamic bonds, below target

18 Apr, 2017

The weighted average yield for Islamic T-bills maturing in October 2017 was 5.50328 percent, higher than 5.50013 percent at the last auction on April 4.

The project-based sukuk maturing in May 2019 had a weighted average yield of 6.93000 percent, lower than the previous auction's 6.94979 percent.

The weighted average yield for the project-based sukuk maturing in August 2023 was 7.35948 percent.

The project-based sukuk maturing in November 2031 had a weighted average yield of 7.94986 percent, higher than 7.93932 percent at the previous auction.

The highest bid-to-cover ratio was 8.05 for the project-based sukuk maturing in November 2031.

There were no winning bids for the project-based sukuk maturing in May 2021.

Total incoming bids on Tuesday were 14.33 trillion rupiah, lower than the previous auction's 14.52 trillion rupiah.

 

Copyright Reuters, 2017
 

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