Islamic Finance 

Indonesia sells 8 trillion rupiah of Islamic bonds

| 10 July, 2018
Indonesia sells 8 trillion rupiah of Islamic bonds
Indonesian rupiah banknotes are counted at a money changer in Jakarta, Indonesia, May 9, 2018. REUTERS/Willy Kurniawan

JULY 10, 2018 | 16:50 | JAKARTA

* Indonesia's finance ministry sold 8 trillion rupiah ($557.10 million) of Islamic bonds at an auction on Tuesday, double the indicative target of 4 trillion rupiah, its financing and risk management office said.

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

($1 = 14,360 rupiah)

(Reporting by Nilufar Rizki Editing by Sunil Nair)

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