Indonesia becomes first Asian country to sell green bonds

Going green: Mulyani says that her team has had good feedback from investors in initial conversations about the deal. — Bloomberg

JAKARTA: Indonesia will become the first Asian country to sell “green” bonds internationally as it looks to tap into growing investor interest in climate-friendly investments.

Globally, US$155.5bil of so-called green bonds were sold last year, according to the London-based Climate Bonds Initiative. But only a handful of governments have themselves sold such deals, where the proceeds are earmarked for investment in environmentally friendly projects.