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31 May | Tuesday
Indonesia sells 4.93 trln rupiah of Islamic bonds, above target

JAKARTA, May 31 (Reuters) - Indonesia's finance ministry sold 4.93 trillion rupiah ($361.04 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday.

The weighted average yield of the Islamic t-bill maturing in December 2016 was 5.70661 percent.

The project-based sukuk maturing in January 2018 had a weighted average yield of 7.36693 percent, higher than the previous figure of 7.31250 percent at the auction on May 17.

The weighted average yield at Tuesday's auction for the project-based sukuk maturing in September 2020 was 7.75552 percent, higher than the 7.66915 percent yield on May 17.

The project-based sukuk maturing in November 2031 had a weighted average yield of 8.37939 percent, higher than the previous auction's 8.19657 percent.

There were no winning bids for project-based sukuk maturing in August 2023.

Total incoming bids on Tuesday were 9.63 trillion rupiah, lower than 14.51 trillion rupiah at the previous auction.

The highest bid-to-cover ratio was 2.69 for the Islamic t-bill maturing in December 2016. ($1=13,655 rupiah) (Reporting by Nilufar Rizki; Editing by Clarence Fernandez) ((nilufar.rizki@thomsonreuters.com)(+6221 2992 7611)(Reuters Messaging: nilufar.rizki.thomsonreuters.com@reuters.net)) Keywords: INDONESIA ECONOMY/SUKUK

source: reuters.com
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