JAKARTA (Reuters): Indonesia's central bank will switch Covid-era government bonds that will mature next year with new, tradeable bonds as part of its operation to buy bonds in the secondary market in 2025, the bank and the finance ministry has announced.
The announcement of the mechanism came after Bank Indonesia (BI) Governor Perry Warjiyo said last week the central bank would purchase government bonds worth 150 trillion rupiah (US$9.23 billion) or more in the secondary market to replace 100 trillion rupiah worth of Covid-era bonds that are set to mature in 2025.
