Indonesia raises 705 bln rupiah from sharia bonds, below target
JAKARTA Oct 1 (Reuters) - Indonesia's finance ministry raised 705 billion rupiah ($60.88 million) of sharia bonds on Tuesday, below the indicative target of 1 trillion rupiah, the ministry's debt office said.
The country sold 400 billion rupiah of six-month sharia T-bills at a yield of 6.21875 percent, down from 6.25887 percent on the previous auction.
It also sold 305 billion rupiah of 30-year project-based sukuk with the yield rising to 9.19020 percent from 9.18435 percent.
There was no winning bid for seven-year project-based sukuk.
Total bids were 4.9 trillion rupiah and the highest bid-to-cover ratio was 11.57 for six-month sharia T-bills.
($1 = 11,580 rupiah) (Reporting by Rieka Rahadiana; Editing by Randy Fabi and Richard Borsuk)
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