Indonesia sells 5.95 trillion rupiah of Islamic bonds

21/11/2017 18:12 AST

Indonesia's finance ministry sold 5.95 trillion rupiah ($439.67 million) of Islamic bonds at an auction on Tuesday, above the indicative target of 5 trillion rupiah, its financing and risk management office said.

The weighted average yield for Islamic T-bills maturing in May 2018 was 5.02857 percent, higher than 4.99917 percent in the previous auction on Nov. 7.

The project-based sukuk maturing in May 2019 had a weighted average yield of 5.82993 percent, lower than the 5.87243 percent yield in the last auction.

The weighted average yield for the project-based sukuk maturing in May 2021 was 6.38618 percent, down from 6.42000 percent in the previous auction.

The sukuk maturing in November 2031 had a weighted average yield of 7.37999 percent, higher than the last auction's 7.37980 percent.

There were no winning bids for the project-based sukuk maturing in August 2023.

Total incoming bids on Tuesday were 15.67 trillion rupiah, up from 12.82 trillion rupiah in the previous auction.

The highest bid-to-cover ratio was 4.78 for the project-based sukuk maturing in May 2019.


Reuters

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