Indonesia raises $705mln from Islamic bonds auction

There were no winning bids for T-bills maturing in May 2021 and project-based sukuk maturing in May 2023

  
A teller at a Bank Mandiri branch handles Indonesian Rupiah currency during a transaction in Jakarta July 20, 2015.

A teller at a Bank Mandiri branch handles Indonesian Rupiah currency during a transaction in Jakarta July 20, 2015.

REUTERS/ Antara Photo Agency

JAKARTA - Indonesia raised 10 trillion rupiah from a bi-weekly Islamic bonds auction on Tuesday, matching the indicative target, the finance ministry said in a statement.

The average yields were lower than comparable project-based sukuk notes sold at a previous auction on Nov. 10. 

There were no winning bids for T-bills maturing in May 2021 and project-based sukuk maturing in May 2023, according to the statement.

Incoming bids amounted to 24.94 trillion rupiah, compared with 22.63 trillion rupiah in the previous auction.

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

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