Indonesia sells 2.6 trillion rupiah of Islamic bonds, yields mixed

Indonesia's finance ministry sold 2.57 trillion rupiah ($199.30 million) of Islamic bonds at an auction, slightly above an indicative target of 2 trillion rupiah, the ministry's financing and risk management office said on Tuesday. The weighted average yield for the six-month Islamic T-bill was 5.85742 percent, higher than 5.84375 percent at a previous auction on February 10.
The 1.4-year and the 5-year project-based sukuk had weighted average yields of 6.85938 percent and 7.19515 percent, lower than previous sales of 6.88529 percent and 7.26337 percent respectively. The 25-year project-based sukuk had a weighted average yield of 7.93833 percent.