Business & Finance

Indonesia sells 540bn rupiah sukuk in auction

Published August 7, 2012 Updated August 7, 2012 11:54am

The country raised 500 billion rupiah from sales of 25-year project-based sukuk and 40 billion rupiah from six-year sukuk. There were no winning bids for six-month sharia T-bill and 10 and 15-year project based sukuk.

The weighted average yield on the 25-year sukuk was 6.71616 percent, versus 6.69002 percent in an auction last month.

Incoming bids totalled 1.933 trillion rupiah.

Foreign holdings of Indonesian government bonds have risen since June. They stood at 236.61 trillion rupiah ($25 billion) as of Aug 3, or 29.6 percent of the total outstanding bonds, up from 28.4 percent at the end of June.

Copyright Reuters, 2012