JAKARTA - Indonesia's finance ministry sold 2.195 trillion rupiah (S$236.4 million) of Islamic bonds at an auction on Tuesday, slightly above an indicative target of 2 trillion rupiah, the ministry's debt office said.
The weighted average yield for the six-month Islamic T-bill was 6.07422 percent, lower than 6.32812 percent at a previous sale on Jan. 13.
The 1.4-year project-based sukuk had a weighted average yield of 7.11991 percent, lower than the previous auction of 7.46064 percent.
The 25-year project-based sukuk had a weighted average yield of 8.15614 percent, lower than the previous 8.62196 percent.
There were no winning bids for the five-year project-based sukuk.
However, total incoming bids at Tuesday's auction reached 19.062 trillion rupiah, higher than 13.755 trillion rupiah previously.
The highest bid-to-cover ratio was 10.30 for the six-month Islamic T-bill.