Indonesia’s finance ministry sold 14.968 trillion rupiah ($1.54 billion) worth of retail sharia bonds, known as sukuk retail (SUKRI), only slightly below the target of 15 trillion rupiah, an official at the debt office told Reuters on Monday.
The government set the coupon rate at 6 percent maturing in three years. “The incoming bids were more than 15 trillion. We would like to sell 15 trillion but we decided to raise slightly less than that due to double orders which were 50 billion rupiah,” head of the debt office, Robert Pakpahan, said………………………………………..Full Article: Source