JAKARTA, Oct 29 (Reuters) - Indonesia’s finance ministry raised 429 billion rupiah ($38.81 million) from sharia bonds on Tuesday, the ministry’s debt office said, far below an indicative target of 1 trillion rupiah.
The country sold 415 billion rupiah of 30-year project-based sukuk at a yield of 8.35561 percent, down from 9.19020 percent earlier this month.
It also sold 14 billion rupiah of 7-year project-based sukuk with a yield of 7.10491 percent.
There were no winning bids for 6-month sharia 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.
$1 = 11,053 rupiah Reporting by Nilufar Rizki; Editing by Jonthan Thatcher and Jacqueline Wong