Indonesia raises 500 bln rph from sharia bonds, below target
JAKARTA Nov 26 (Reuters) - Indonesia raised 500 billion rupiah ($42.6 million) at a sukuk auction on Tuesday, half of an indicative target of 1 trillion rupiah, the debt office at the finance ministry said.
Southeast Asia's biggest economy sold all offered government sharia securities, except the 24-year project-based sukuk.
The country did not receive any winning bids in the previous auction on Nov. 12.
Total bids were 1.9 trillion rupiah with the highest bid-to-cover ratio at 5.12 for 6-month T-bill.
($1 = 11,747.5 rupiah) (Reporting by Nilufar Rizki; Writing by Rieka Rahadiana; Editing by Jacqueline Wong)