JAKARTA, March 25 Indonesia's finance ministry
sold 461 billion rupiah ($40.5 million) of Islamic bonds on
Tuesday, well below an indicative target of 1.5 trillion rupiah,
the ministry's debt office said.
The ministry sold 13-year, project-based sukuk with a
weighted average yield of 8.75977 percent, higher than 8.73439
percent in the previous auction on March 11.
The yield for 29-year project-based sukuk was 9.04616
percent, up from 8.97979 percent.
The ministry failed to sell 6-month sukuk T-bill and 6-year
Total bids were 3.362 trillion rupiah, higher than 2.76
trillion rupiah in the previous auction, with the highest
bid-to-cover ratio 1.20 for 29-year project-based sukuk.
($1 = 11,380 rupiah)
(Reporting by Rieka Rahadiana; Writing by Nilufar Rizki;
Editing by Kim Coghill)