Islamic Finance 

Indonesia raises 8 trln rupiah from Islamic bonds auction, matches target

| 20 August, 2019

AUGUST 20, 2019 | 16:07 | JAKARTA

* Indonesia raised 8 trillion rupiah ($561.01 million) in a biweekly Islamic bond auction on Tuesday, matching the indicative target, according to the financing and risk management office at the finance ministry.

* The weighted average yields of project-based sukuk sold on Tuesday were lower compared with yields of comparable sukuk at the previous auction on Aug. 6.

* Total incoming bids were 21.4 trillion rupiah.

($1 = 14,260.0000 rupiah)

(Reporting by Tabita Diela; Editing by Subhranshu Sahu)

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