Indonesia’s finance ministry sold 6.27 trillion rupiah ($429.31 million) of Islamic bonds at an auction on Tuesday, above the indicative target of 4 trillion rupiah, its financing and risk management office said.
The weighted average yields of the project-based sukuk sold were higher than yields of comparable sukuk at the previous auction.
Total incoming bids for Tuesday’s auction were 14.8 trillion rupiah.
Source Salaam Gateway