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JAKARTA, Sept 20 (Reuters) - Indonesia's finance ministry sold 4 trillion rupiah ($304.18 million) of Islamic bonds at an auction, in line with the indicative target, its financing and risk management office said on Tuesday.
The weighted average yield for Islamic t-bills maturing in March 2017 was 5.87813 percent.
The project-based sukuk maturing in January 2018 had a weighted average yield of 6.38813 percent, higher than the 6.36325 percent at the last auction on Sept. 6.
The weighted average yield for the project-based sukuk maturing in September 2020 was 6.81659 percent, higher than the previous auction's yield of 6.66975 percent.
For the project-based sukuk maturing in August 2023, the weighted average yield was 7.21953 percent, higher than the 7.12029 percent at the last auction.
The project-based sukuk maturing in November 2031 had a weighted average yield of 7.54992 percent, higher than the 7.47912 percent at the previous auction.
The highest bid-to-cover ratio was 6.41 for the project-based sukuk maturing in January 2018.
Total incoming bids on Tuesday were 9.90 trillion rupiah, lower than the previous auction's 13.45 trillion rupiah.
($1 = 13,150 rupiah)
(Reporting by Nilufar Rizki; Editing by Subhranshu Sahu) ((nilufar.rizki@thomsonreuters.com)(+6221 2992 7611)(Reuters Messaging: nilufar.rizki.thomsonreuters.com@reuters.net))
The weighted average yield for Islamic t-bills maturing in March 2017 was 5.87813 percent.
The project-based sukuk maturing in January 2018 had a weighted average yield of 6.38813 percent, higher than the 6.36325 percent at the last auction on Sept. 6.
The weighted average yield for the project-based sukuk maturing in September 2020 was 6.81659 percent, higher than the previous auction's yield of 6.66975 percent.
For the project-based sukuk maturing in August 2023, the weighted average yield was 7.21953 percent, higher than the 7.12029 percent at the last auction.
The project-based sukuk maturing in November 2031 had a weighted average yield of 7.54992 percent, higher than the 7.47912 percent at the previous auction.
The highest bid-to-cover ratio was 6.41 for the project-based sukuk maturing in January 2018.
Total incoming bids on Tuesday were 9.90 trillion rupiah, lower than the previous auction's 13.45 trillion rupiah.
($1 = 13,150 rupiah)
(Reporting by Nilufar Rizki; Editing by Subhranshu Sahu) ((nilufar.rizki@thomsonreuters.com)(+6221 2992 7611)(Reuters Messaging: nilufar.rizki.thomsonreuters.com@reuters.net))
