Indonesia Sells Rp 7 Trillion of Islamic Bonds, Above Target
Jakarta Globe | August 31, 2017- The Ministry of Finance sold Rp 7 trillion ($524.82 million) of Islamic bonds at an auction, above the indicative target of Rp 5 trillion, its financing and risk management office said on Tuesday (29/08).
The weighted average yield for Islamic T-bills maturing in February 2018 was 5.37394 percent, lower than the 5.47094 percent yield at the last auction on Aug. 15.
The project-based sukuk maturing in May 2019 had a weighted average yield of 6.39480 percent, lower than the previous auction's 6.75994 percent.
The weighted average yield for the project-based sukuk maturing in May 2021 was 6.66883 percent, down from 7.01993 percent in the previous auction.
The weighted average yield for the project-based sukuk maturing in August 2023 was 7.04945 percent, compared with 7.21905 percent at the last auction.
The project-based sukuk maturing in November 2031 had a weighted average yield of 7.61844 percent, lower than the 7.84993 percent yield at the last auction.
Total incoming bids on Tuesday were 26.43 trillion rupiah, up from 17.57 trillion rupiah in the previous auction.