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Gov’t issued yet another Samurai Bond worth IDR 13.2 trillion

24 May 2021 11:42

JAKARTA. For the second time since the pandemic hit in 2020, Indonesia Government issued another Samurai Bond worth JPY 100 billion, equal to IDR 13.22 trillion.

This bond issuance gained remarkable results, including the lowest three-year-tenor portion in the history of the Samurai Bond offering. Then, 70% of the said issued bonds had the tenor of five or more years. “The diminishing domination of short-term tenor reflects the investors’ trust towards Indonesia’s economic fundaments.” It was stated by Deni Ridwan, the Director of Government Bond of Directorate-General of Budget Financing and Risk Management, in an official statement last week.

The government had issued the first Samurai Bond during the pandemic in July 2020. This yen-denominated government bond was offered in six series, including RIJPY0524, RIJPY0526, RIJPY0528, RIJPY0531, RIJPY0536, and RIJPY0541.

This recent offering was deemed successful as it could reach the lowest Yen swap spread and coupon spread for all tenors and Samurai Bonds of 10 years. It also scored the lowest coupon rate for all time of 0.89%. The government also noticed 1.6 times oversubscription within the current transaction. (AM/ZH)

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