Indonesia raises 1 trln rph from sukuk, below target

Indonesia's finance ministry raised 1 trillion rupiah ($102.88 million) worth of sharia bonds on Tuesday, below its target of 1.5 trillion rupiah. The ministry only sold the 30-year, project-based sukuk with the yield at 6.82781 percent. There were no winning bids for the rest of the bonds, which included 5-, 14- and 24-year project based sukuk. According to the debt office, total incoming bids were 2.43 trillion rupiah.

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