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Wednesday, November 27, 2024

Home Islamic Indonesia raises $705m from Islamic bonds auction

Indonesia raises $705m from Islamic bonds auction

by News desk
November 27, 2020
in Islamic

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Jakarta

Indonesia raised 10 trillion rupiah from a bi-weekly Islamic bonds auction on Tuesday, matching the indicative target, the finance ministry said in a statement. The average yields were lower than comparable project-based sukuk notes sold at a previous auction on Nov. 10. There were no winning bids for T-bills maturing in May 2021 and project-based sukuk maturing in May 2023, according to the statement. Incoming bids amounted to 24.94 trillion rupiah, compared with 22.63 trillion rupiah in the previous auction.—Zawya