Indonesia to back bond issue with LNG assets

The Indonesian government has announced plans to back its next bond issue with liquefied natural gas (LNG) assets.

Chief economics minister, Rizal Ramli, said the system aimed to draw foreign investors as it is expected to improve the country's investment rating.

The system could double or triple Indonesian investment rating, otherwise the rating would remain the same as it is now, Rizal said.

Indonesia is the world's largest supplier of LNG. Rizal said in the first phase, the government will issue bonds worth $400 million to $500 million in the next four to five months. The amount will be increased in the next semester, he added.

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