JAKARTA: Indonesia's finance ministry sold 2.315 trillion rupiah, or $182.76 million of Islamic bonds at an auction on Tuesday, slightly above an indicative target of 2 trillion rupiah, the ministry's debt office said.

The weighted average yield for the six-month Islamic T-bill was 5.84375 percent, lower than 6.07422 percent at a previous auction on Jan. 27.

The 1.4-year project-based sukuk had a weighted average yield of 6.88529 percent, lower than the last auction figure of 7.11991 percent.

The 5-year project-based sukuk had a weighted average yield of 7.26337 percent.

There were no winning bids for the 25-year project-based sukuk.

Total incoming auction bids were 11.619 trillion rupiah, lower than 19.062 trillion previously.

The highest bid-to-cover ratio was 8.01 for the six-month Islamic T-bill.

Copyright Reuters, 2015