The Republic of Indonesia has long been a prominent issuer in the dollar bond market, selling at least one deal every year since 2004.
But the sovereign has begun to expand its issuance strategy, and for the last two years has sold euro and Japanese yen deals as well.
It plans to repeat that formula this year, selling deals in all G3 currencies, a government funding official told FinanceAsia. And since it has no plans to swap its euro or yen proceeds, it can go ahead without worrying too much about volatility in the swap market.
These euro and yen deals will...