JAKARTA. The Indonesian government is yet again issuing a Global Bond, now in two different foreign currencies, US Dollar and Euro. The said bond consists of three series worth USD 1,650 million and one bond of EUR 500 million.
“The proceeds from the bond issuance would be spent on meeting the general needs of State Budget, including boosting the economic recovery due to COVID-19,” the Directorate-General of Financing and Risk Management of Ministry of Finance explained in an official announcement published on Thursday (22/7).
Then, the announcement further specified the Global Bond with US Dollar comprises three series. First, there is RI0731 of USD 600 million with a 10-years tenor and 2.15% coupon. Its yield reaches 2.2% and would mature by July 28, 2031. Then, RI0351 is worth USD 750 million with a 30-years tenor, and the maturing date on March 12, 2051. Its coupon and yield rates are at 3.05% and 3.1%. Lastly, RI0371 of USD 300 million has a 50-years tenor, maturing on March 12, 2071, while its coupon and yield rates are at 3.35%
Meanwhile, the Global Bond using Euro, RIEUR0729, is valued at EUR 500 million with an 8-years tenor, thus maturing on July 28, 2029. Its coupon rate reaches 1%, while its yield rate is 1.068%. (AM/ZH)