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Indonesian Sukuk auction misses target

Posted on 26 July 2012

Indonesia raises IDR 460 billion ($48.65 million) from a Sukuk auction on 24 July, missing its IDR 500 billion target. The Indonesian Ministry of Finance accepted no bids for one-year Shari’ah T-bills and none for the six-year, 10-year or 15-year project-based Sukuk.
Bids were accepted for 25-year project-based Ijarah Sukuk (maturing 15 February 2037) at a weighted average yield of 6.69 per cent. Bids worth a total of IDR 2 trillion were made in the auction………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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