• 03 Apr

    Indonesia sells 6.79 trillion rupiah of Islamic bonds, below target

     

    Indonesia's finance ministry sold 6.79 trillion rupiah ($493.35 million) ofIslamic bonds at an auction on Tuesday, below the indicative target of 8 trillion rupiah, its financing and risk management office said.

    The weighted average yield for Islamic T-bills maturing in October 2018 was 4.29427 percent.

    The project-based sukuk maturing in March 2020 had a weighted average yield of 6.05982 percent, down from 6.06502 percent at the last auction on March 20.

    The sukuk maturing in January 2022 had a weighted average yield of 6.38984 percent, higher than the previous auction's 6.35911 percent.

    The sukuk maturing in November 2031's weighted average yield was 7.35799 percent.

    While sukuk maturing in February 2037 had a weighted average yield of 7.66682 percent, lower than previous auction yield of 7.70952 percent.

    The weighted average yield for the project-based sukuk maturing in July 2047 was 7.80173 percent.

    There were no winning bids for the project-based sukuk maturing in October 2025.

    Total incoming bids on Tuesday were about 11.20 trillion rupiah, down from 13.06 trillion rupiah in the previous auction.

    The highest bid-to-cover ratio was 1.98 for the project-based sukuk maturing in March 2020 as well as those maturing in February 2037.


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