Indonesia raises $681.74mln from Islamic bonds auction, above target

The weighted average yields for the sukuk sold on Tuesday were lower than comparable notes sold at the previous auction on May 18

  

JAKARTA - Indonesia raised 9.5 trillion rupiah ($681.74 million)from Islamic bonds auction on Tuesday, more than the indicative target of 7 trillion rupiah, the finance ministry said.

The weighted average yields for the sukuk sold on Tuesday were lower than comparable notes sold at the previous auction on May 18.

Incoming bids reached 28.64 trillion rupiah, compared to 18.85 trillion rupiah in the previous auction.

($1 = 13,935.0000 rupiah)

(Reporting by Tabita Diela; Editing by Louise Heavens) ((tabita.diela@thomsonreuters.com; +628111135032;))

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