Indonesia raises 460 bln rph in sukuk auction

JAKARTA, July 24 Tue Jul 24, 2012 5:11am EDT

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JAKARTA, July 24 (Reuters) - Indonesia raised 460 billion rupiah ($48.65 million) from a sukuk auction on Tuesday, lower than a target of 500 billion rupiah, the debt office said.

The country only sold 25-year project-based sukuk at a weighted average yield of 6.69 percent. There were no winning bids for one-year sharia T-bills and six-year, 10-year as well as 15-year project-based sukuk.

Foreign ownership of sukuk stood at 5.38 trillion rupiah or 5.61 pct of the total as of July 20, data from debt office shows. ($1 = 9,455 rupiah) (Reporting by Rieka Rahadiana; Editing by Neil Chatterjee)