Indonesia Raises Rp 760 Billion from Sukuk Auction

Indonesia’s finance ministry raised Rp 760 billion ($78.30 million) at its March 5 sukuk auction, well below the target of Rp 1.5 trillion. The Finance Ministry sold 6-month, 9- and 14-year sukuk to help finance its budget deficit. Incoming bids were Rp 3.4 trillion. The G20 economy plans to raise Rp 57.5 trillion in the first quarter of the year.