Indonesia raises $1.5 bln from global sukuk, yields lower than target
JAKARTA, Sept 11
JAKARTA, Sept 11 (Reuters) - Indonesia's finance ministry sold $1.5 billion of global sharia bonds, maturing in 2019, the ministry's debt office said on Wednesday.
The yield of the dollar-denominated bond was 6.125 percent, 25 basis points lower than the initial target of 6.375 percent.
Total incoming bids were $5.7 billion, mostly from Asia and the United States. The ministry's fourth global sukuk was the largest since 2009.
(Reporting by Nilufar Rizki; Writing by Rieka Rahadiana)
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