Business

Indonesia raises 1.1 trillion rupiah from sukuk auction, yields fall

September 17, 2013

Indonesia's finance ministry sold 1.1 trillion rupiah (US$96.68 million) of syariah bonds today with most yields lower than the previous auction, the ministry's debt office said.

The country sold 748 billion rupiah of six-month syariah T-bills at a yield of 6.25887 per cent, down from 6.71615 per cent on September 3.

It also sold 199 billion rupiah of 30-year project-based sukuk with the yield down to 9.18435 per cent from 9.43750 per cent earlier this month. The seven-year project-based sukuk was sold for 153 billion rupiah with the yield at 8.31144 per cent.

Total bids were 6.49 trillion rupiah and the highest bid-to-cover ratio was 7.95 from six-month syariah T-bills. – Reuters, September 17, 2013.

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