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Jakarta Post
The Jakarta Post 34
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Govt fails again in sukuk auction on inflation fears

  • Satria Sambijantoro

    The Jakarta Post

Jakarta | Wed, March 6 2013 | 09:47 am

The Finance Ministry’s debt management failed to meet its target in the offering of Islamic bonds (sukuk) on Tuesday, the second time since mid February, as investors demanded yields higher than the government’s offer due to accelerating inflation.

The government raised only Rp 760 billion (US$78.4 million) in the auction, half of its indicative target of Rp 1.5 trillion, although total...

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