Indonesia raises $1.3b in its largest Samurai bond sale

Indonesia raises $1.3b in its largest Samurai bond sale

FILE PHOTO: A general view of the city skyline of Jakarta, the capital city of Indonesia, October 30, 2021. REUTERS/Ajeng Dinar Ulfiana

Indonesia raised 200 billion yen ($1.28 billion) in its largest sale of Japanese yen-denominated bonds, the finance ministry said in a statement on Friday.

Indonesia, a regular issuer of Samurai bonds, sold 50 billion yen of three-year notes with a 0.99% coupon, 88 billion yen of five-year notes with a 1.33% coupon, 17.7 billion yen of seven-year notes with a 1.57% coupon, and 19.3 billion yen of 10-year notes at with a 1.91% coupon.

It also raised 25 billion yen through the sale of three “blue bonds”, made up of seven-year notes with a 1.57% coupon, 10-year notes with a 1.91% coupon and 20-year notes with a 2.55% coupon.

Proceeds from the bonds will be used to finance this year’s budget deficit, while proceeds of the blue bonds are specifically for maritime-related projects, the ministry said.

Indonesia typically offers bonds in U.S. dollars, euro and yen every year. Last May, the country raised 104.8 billion yen, equivalent to $776 million at that time, from a Samurai bond sale with three- to 10-year maturities.

Reuters

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