JAKARTA, March 24 (Reuters) - Indonesia's finance ministry sold 1.975 trillion rupiah ($153.10 million) of Islamic bonds at an auction, slightly below an indicative target of 2 trillion rupiah, the ministry's financing and risk management office said on Tuesday.
The weighted average yield for the six-month Islamic T-bill was 5.87891 percent, higher than 5.70141 percent in the previous auction on Mar. 10.
The 1.3-year project-based sukuk had a weighted average yield of 6.98941 percent.
The 25-year project-based sukuk had a weighted average yield of 8.12142 percent, lower than 8.15938 percent in the previous auction.
The weighted average yield for the five-year project-based sukuk was 7.28632 percent.
Total incoming auction bids were 3.250 trillion rupiah, lower than 7.632 trillion rupiah in the previous auction.
The highest bid-to-cover ratio was 2.76 for the six-month Islamic T-bill. ($1 = 12,900 rupiah)
(Reporting by Nilufar Rizki; Editing by Edmund Klamann) ((email@example.com;))
Keywords: INDONESIA ECONOMY/SUKUK