JAKARTA: Indonesia’s finance ministry sold 8.903 trillion rupiah ($647.73 million) of Islamic bonds at an auction on Tuesday, above the indicative target of 8 trillion rupiah, its financing and risk management office said.
The weighted average yield for Islamic T-bills maturing in September 2018 was 4.29688 percent, higher than the 4.28669 percent yield at the precious auction on March 6.
The project-based sukuk maturing in March 2020 had a weighted average yield of 6.06502 percent, up from 5.97455 percent at the last auction.
The sukuk maturing in January 2022 had a weighted average yield of 6.35911 percent, up from the previous auction’s 6.26716 percent.
The weighted average yield for the project-based sukuk maturing in October 2025 was 6.81823 percent, also up from the last auction’s 6.71260 percent.
The sukuk maturing in February 2037 had a weighted average yield of 7.70952 percent, higher than previous auction yield of 7.65006 percent.
There were no winning bids for the sukuk maturing in November 2031.
Total incoming bids on Tuesday were 13.06 trillion rupiah, up from 8.62 trillion rupiah in the previous auction.
The highest bid-to-cover ratio was 5.39 for the sukuk maturing in February 2037.
Source: Brecorder.com
