Indonesia Raises $1.1 Billion in Samurai Bond Sale, Finance Ministry Says



KONTAN.CO.ID - JAKARTA, April 24 - Indonesia raised 172.1 billion yen ($1.08 billion) from Japanese yen-denominated bonds, the finance ministry said in a statement dated April 23. Here are some key details about the bonds sale:

Indonesia sold 126.3 billion yen of three-year notes with a 2.35% coupon, 39.3 billion yen of five-year notes with a 2.67% coupon, 4.5 billion yen of seven-year notes with a 2.89% coupon and 2 billion yen of 10-year notes with a 3.23% coupon, the finance ministry said.

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The seven- and 10-year bonds were marketed as blue bonds, the ministry said.

"The issuance of the Samurai bonds is intended to support the financing of the 2026 state budget," the ministry said.

The proceeds of the blue bonds aim to strengthen Indonesia's commitment to development of sustainable financial instruments and as a strategy to diversify funding sources, the ministry said.

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Indonesia typically offers bonds in U.S. dollars, euro and yen every year.