Tuesday, Sep 04, 2012
By Andreas Ismar
JAKARTA--Indonesia on Tuesday raised 1.103 trillion rupiah ($115 million) in an auction of Islamic bonds, or sukuk, above its IDR500 billion target, the finance ministry said.
The ministry sold IDR660 billion of six-year sukuk at a weighted average rate of 6.00426%; IDR193 billion of 10-year notes at 6.31955%; and IDR250 billion of 25-year paper at 6.78089%.
The auction attracted a total of IDR1.983 of bids, the ministry said.
Nominal sales were better Tuesday than during the ministry's last sukuk auction on Aug. 7, when it sold only IDR40 billion of the 6-year paper at 5.65960% and IDR500 billion of the 25-year notes at 6.71616%.
Write to Andreas Ismar at andreasismar.sandiwan@dowjones.com
(END) Dow Jones Newswires
04-09-12 1005GMT
