Indonesia on Tuesday raised 6.6 trillion rupiah ($401.22 million) from a biweekly Islamic bonds auction, below its indicative target of 7 trillion, the finance ministry said in a statement.The weighted average yields for the sukuk were much higher than the comparable sukuk sold in the previous auction.

africa-financeTotal incoming bids for Tuesday’s auction were 14.6 trillion rupiah, less than in the previous auction.

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