IslamicFinance.de

Indonesia’s finance ministry sold Rp 1.055 trillion ($96.22 million) of shariah bonds at an auction on Tuesday, with yields mixed. The country sold 700 billion rupiah of 6-month shariah T-bills, at a yield of 6.71615 percent, down from 6.75000 percent on Aug. 20. It also sold 355 billion rupiah of 30-year project-based sukuk, while its yield rose to 9.43750 percent from 9.24943 percent. Total bids were 9.308 trillion rupiah and the highest bid-to-cover ratio was 12.53 from 6-month shariah T-bills.