Indonesia's Islamic Bond Auction: A Partial Success

Indonesia's recent Islamic bond auction raised 8 trillion rupiah, slightly under the targeted 9 trillion rupiah. The auction saw bids totaling 13.67 trillion rupiah, lower than the 13.85 trillion rupiah received in a previous auction on Nov. 19.

Indonesia's government managed to collect 8 trillion rupiah ($502 million) from its latest Islamic bond auction, announced the finance ministry.

This figure, however, fell short of the intended target of raising 9 trillion rupiah, highlighting a slight underperformance.

The auction attracted total bids of 13.67 trillion rupiah, down from the 13.85 trillion rupiah that bidders committed at the previous auction held on November 19.