Reuters logo
Indonesia raises 461 bln rupiah from Islamic bonds, well below target
March 25, 2014 / 8:22 AM / 4 years ago

Indonesia raises 461 bln rupiah from Islamic bonds, well below target

JAKARTA, March 25 (Reuters) - 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 project-based sukuk.

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below