Indonesian debt

Indonesia to “frontload” 2015 G3 bond issuance

Indonesia will “frontload” 2015 G3 bond sales ahead of an expected US rate hike, the Finance Ministry's Robert Pakpahan has said.

The Republic of Indonesia plans to “frontload” its bond sales denominated in US dollars, euros and yen next year ahead of an expected US rate hike, Robert Pakpahan, the director general of the Finance Ministry’s debt management office, said on Wednesday.

Asean’s biggest economy by GDP plans about Rp450 trillion $37 billion of debt issuance in international and local bond markets next year, similar to 2014’s record-breaking level, Pakpahan said at FinanceAsia’s biannual Borrowers’ and Investors’ Forum. 

Many sovereign borrowers, such as the Philippines, look to tap bond markets early in the calendar year but the urgency to lock in funding has been...

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