Islamic Finance 

Indonesia raises 5.15 trln rupiah in Islamic bond auction

| 14 May, 2019

MAY 14, 2019 | 17:35 | JAKARTA

* Indonesia raised 5.15 trillion rupiah ($357.02 million) in an Islamic bonds auction on Tuesday, below the indicative target of 8 trillion rupiah, the financing and risk management office at the finance ministry said.

* The weighted average yields for project-based sukuk sold on Tuesday were mostly higher than yields of comparable sukuk at the previous auction on Apr. 30.

* Total incoming bids at Tuesday's auction were 20.46 trillion rupiah.

* The finance ministry also said it will conduct an additional auction of Islamic T-bills with green shoe option for notes maturing in 2020 on May 15.

($1 = 14,425 rupiah)

(Reporting by Nilufar Rizki Editing by Jacqueline Wong)

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