Indonesia raises $140.22mln from sukuk auction -finance ministry

Notes sold on Tuesday carried weighted average yields that were higher than comparable notes sold in the previous auction

Gayatri Suroyo, Reuters News

April 21, 2022

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JAKARTA - Indonesia raised 2.01 trillion rupiah ($140.22 million) from an Islamic bonds auction on Tuesday, below an indicative target of 9 trillion rupiah, its finance ministry said.

The ministry in a statement said it planned to hold an additional auction on Wednesday. Notes sold on Tuesday carried weighted average yields that were higher than comparable notes sold in the previous auction.

($1 = 14,335.0000 rupiah)

(Reporting by Gayatri Suroyo, Fransiska Nangoy)

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