#Indonesia raises 8 trln rupiah from Islamic bonds auction, matches target

Indonesia raised 8 trillion rupiah ($561.01 million) in a biweekly Islamic bond auction on Tuesday. According to the financing and risk management office at the finance ministry, the sukuk issuance matched the indicative target. The weighted average yields of project-based sukuk sold on Tuesday were lower compared with yields of comparable sukuk at the previous auction on Aug. 6. Total incoming bids were 21.4 trillion rupiah. ($1 = 14,260.0000 rupiah)