Bank of Indonesia (Source: Getty) Jakarta (VNA) - The Indonesiangovernment plans to release dual-currency bonds with a total amount of3.1 billion USD for deficit financing this year, said the Ministry of Finance.
The notes will be listed at the Singapore Stock Exchangeand the Frankfurt Stock Exchange.
Bonds in the US dollar denominated have twoseries, RI0230 worth of 1.2 billion USD with a tenure of 10 yearsand RI0250 with a value of 800 million USD and have 30-years tenure. Inaddition, the ministry also released Eurobond with RIEUR0227 series worth of 1billion EUR (1.1 billion USD) with a tenure of seven years.
The bonds received a Baa2 rating from Moody’s,BBB from Standard & Poor’s, and BBB from Fitch.
Joint Book-runners in this transaction are Citigroup,Deutsche Bank, Goldman Sachs, PT Mandiri Sekuritas, and Societe Generale.Acting as co-Managers are PT Danareksa Sekuritas and PT Trimegah SekuritasIndonesia Tbk.
Last year, Indonesian has sold the governmentbonds with total amount 750 million USD in RI0929 series and 750 million EURin RIEUR0926 series. This is Indonesia’ third dual-currency bondsfollowing 2017 and 2018.
In the 2020 State Budget, the government set the deficittarget 307.2 trillion Rp or 1.76 of the country’s gross domestic product (GDP). Thestate revenues are set around 2,223 trillion Rp (158.78 billion USD) andexpenditure 2,540.4 trillion Rp./.
The notes will be listed at the Singapore Stock Exchangeand the Frankfurt Stock Exchange.
Bonds in the US dollar denominated have twoseries, RI0230 worth of 1.2 billion USD with a tenure of 10 yearsand RI0250 with a value of 800 million USD and have 30-years tenure. Inaddition, the ministry also released Eurobond with RIEUR0227 series worth of 1billion EUR (1.1 billion USD) with a tenure of seven years.
The bonds received a Baa2 rating from Moody’s,BBB from Standard & Poor’s, and BBB from Fitch.
Joint Book-runners in this transaction are Citigroup,Deutsche Bank, Goldman Sachs, PT Mandiri Sekuritas, and Societe Generale.Acting as co-Managers are PT Danareksa Sekuritas and PT Trimegah SekuritasIndonesia Tbk.
Last year, Indonesian has sold the governmentbonds with total amount 750 million USD in RI0929 series and 750 million EURin RIEUR0926 series. This is Indonesia’ third dual-currency bondsfollowing 2017 and 2018.
In the 2020 State Budget, the government set the deficittarget 307.2 trillion Rp or 1.76 of the country’s gross domestic product (GDP). Thestate revenues are set around 2,223 trillion Rp (158.78 billion USD) andexpenditure 2,540.4 trillion Rp./.
VNA
