Indonesia sells 2.3tn rupiah of Islamic bonds, above target
The weighted average yield for the six-month Islamic T-bill was 5.84375 percent, lower than 6.07422 percent at a previous auction on Jan. 27.
The 1.4-year project-based sukuk had a weighted average yield of 6.88529 percent, lower than the last auction figure of 7.11991 percent.
The 5-year project-based sukuk had a weighted average yield of 7.26337 percent.
There were no winning bids for the 25-year project-based sukuk.
Total incoming auction bids were 11.619 trillion rupiah, lower than 19.062 trillion previously.
The highest bid-to-cover ratio was 8.01 for the six-month Islamic T-bill.
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