Markets

Indonesia sells 5.17 trillion rupiah of Islamic bonds

Published August 7, 2018 Updated August 7, 2018 01:25pm

The government on Tuesday sold Islamic T-bills maturing in February 2019 with a weighted average yield of about 6.2 percent, and those maturing in May 2019 with around 6.5 percent.

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

Total incoming bids for Tuesday's auction were about 10.90 trillion rupiah.

Copyright Reuters, 2018