Indonesia sells $704mln Islamic bonds in auction - finance ministry

Total incoming bids were 56.6trln rupiah

  
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 ($703.63 million) from an Islamic bond auction on Tuesday, as targeted, the finance ministry's debt office said in a statement.

Total incoming bids were 56.6 trillion rupiah, slightly higher that 52.5 trillion of bids in the previous auction, with the sukuk sold on Tuesday carrying lower yields compared to those sold two weeks earlier.

($1 = 14,212.0000 rupiah)

(Reporting by Fransiska Nangoy Editing by Ed Davies) ((Fransiska.Nangoy@thomsonreuters.com;))


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