Demand for Indonesia sukuk below expectations

Indonesia-sukukIndonesia’s finance ministry raised 429 billion rupiah ($38.81 million) from new Shariah bonds on October 29, the ministry’s debt office said, far below an indicative target of 1 trillion rupiah, Bloomberg reported.

The country sold 415 billion rupiah of 30-year project-based sukuk at a yield of 8.35561 per cent, down from 9.19020 per cent earlier this month.

It also sold 14 billion rupiah of 7-year project-based sukuk with a yield of 7.10491 per cent.

There were no winning bids for 6-month Shariah T-bills and 24-year project-based sukuk. Total bids were 1.992 trillion rupiah and the highest bid-to-cover ratio was 1.43 for 7-year project-based sukuk.



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Indonesia's finance ministry raised 429 billion rupiah ($38.81 million) from new Shariah bonds on October 29, the ministry's debt office said, far below an indicative target of 1 trillion rupiah, Bloomberg reported. The country sold 415 billion rupiah of 30-year project-based sukuk at a yield of 8.35561 per cent, down from 9.19020 per cent earlier this month. It also sold 14 billion rupiah of 7-year project-based sukuk with a yield of 7.10491 per cent. There were no winning bids for 6-month Shariah T-bills and 24-year project-based sukuk. Total bids were 1.992 trillion rupiah and the highest bid-to-cover ratio was 1.43...

Indonesia-sukukIndonesia’s finance ministry raised 429 billion rupiah ($38.81 million) from new Shariah bonds on October 29, the ministry’s debt office said, far below an indicative target of 1 trillion rupiah, Bloomberg reported.

The country sold 415 billion rupiah of 30-year project-based sukuk at a yield of 8.35561 per cent, down from 9.19020 per cent earlier this month.

It also sold 14 billion rupiah of 7-year project-based sukuk with a yield of 7.10491 per cent.

There were no winning bids for 6-month Shariah T-bills and 24-year project-based sukuk. Total bids were 1.992 trillion rupiah and the highest bid-to-cover ratio was 1.43 for 7-year project-based sukuk.



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Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00

 

 

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