#Indonesia raises $681.74mln from Islamic bonds auction, above target

Indonesia raised 9.5 trillion rupiah ($681.74 million) from sukuk, more than the indicative target of 7 trillion rupiah. The weighted average yields for the sukuk sold on Tuesday were lower than comparable notes sold at the previous auction on May 18. Incoming bids reached 28.64 trillion rupiah, compared to 18.85 trillion rupiah in the previous auction.