Indonesia raises $702.25mln from Islamic bonds auction, hits target

The average weighted yields were below its comparable bonds in the previous auction on June 2

  
An Indonesia Rupiah note is seen in this picture illustration June 2, 2017.

An Indonesia Rupiah note is seen in this picture illustration June 2, 2017.

REUTERS/Thomas White

JAKARTA - Indonesia raised 10 trillion rupiah ($702.25 million) from an Islamic bond auction on Tuesday, matching the indicative target, the finance ministry said.

Incoming bids amounted to 46.67 trillion rupiah, the highest for an Islamic bond auction this year. The average weighted yields were below its comparable bonds in the previous auction on June 2.

($1 = 14,240.0000 rupiah)

(Reporting by Nilufar Rizki and Tabita Diela; Editing by Martin Petty) ((tabita.diela@thomsonreuters.com; +628561539032;))


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