JAKARTA: Indonesia's finance ministry sold 2.5 trillion rupiah ($175.13 million) of Islamic bonds at an auction, in line with the indicative target, its financing and risk management office said on Tuesday.
The weighted average yield of the six-month Islamic T-bill was 6.81351 percent, higher compared with 6.74902 percent at the last auction.
The nine-month and 2.3-year project-based sukuk had weighted average yields of 7.51250 percent and 8.31906 percent respectively.
The weighted average yield at Tuesday's auction for the 5-year project-based sukuk was 8.90979 percent, higher than the yield at the last sale of 8.76352 percent. Total incoming bids on Tuesday were 4.85 trillion rupiah, lower than the previous auction's 6.31 trillion rupiah.
The highest bid-to-cover ratio was 3.40 for the nine-month project-based sukuk.
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