Indonesia raises US$4bil from bonds, in talks with development banks for US$750mil

  • Indonesia
  • Wednesday, 29 Apr 2020

An teller arranges US dollar bills at a foreign exchange office in Jakarta on March 19. (Antara/Indrianto Eko Suwarso)

JAKARTA, April 29 (The Jakarta Post/ANN): Indonesia has raised another Rp 62.62 trillion (US$4.05 billion) from government debt papers (SUN) and is in talks with several development banks to raise another $750 million to finance its widening state budget amid the fight against the coronavirus pandemic.

The Finance Ministry’s director for government debt papers, Deni Ridwan, said the government had issued three series of bonds through private placements with commercial and shariah banks on Monday.

“Banks are the buyers in the private placements as they look to meet Bank Indonesia’s new requirement of higher reserves in government bonds, ” Deni told The Jakarta Post by text message on Tuesday.

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government debt papers , pandemic


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