• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

In first, Indonesia to buy back some global bonds after raising $1.84 billion

September 14, 2021 by David Barret Leave a Comment

September 14, 2021

JAKARTA (Reuters) – Indonesia has raised $1.84 billion from the sale of bonds denominated in U.S. dollars and euros, IFR reported, with part of the proceeds to be used to fund the repurchase of outstanding dollar bonds in the country’s first such offer.

The Southeast Asian country sold 10-year and new 40-year bonds in U.S. dollars, with the money to finance a tender offer for eight existing bonds that will come due between 2022 to 2026, Refinitiv news service IFR said on Tuesday.

The government has said it wants to buy back some of the outstanding bonds for as much as $1.25 billion in an offer that runs until Friday.

The repurchase offer was a first for Indonesia, according to Handy Yunianto, fixed income analyst for Mandiri Sekuritas, who said it appeared to be an effort to “reprofile its debts to reduce refinancing risks with longer-tenor bonds that lock at a now relatively low yield”.

The shorter tenure dollar bonds carried a 2.18% yield, while the longer notes had a 3.28% yield.

Yunianto said the tender offer prices were set relatively in line with market prices, adding the strategy may be linked to expectations of tighter global liquidity and higher interest rates when the U.S. Federal Reserve begins tapering its pandemic-era asset repurchase programme.

The government also raised 500 million euros ($590.7 million) for its maiden sale of euro-denominated bonds specifically directed to fund its efforts to achieve sustainable development goals, IFR reported. The SDGs bonds, which will come due in 12 years, carried a 1.351% yield.

The head of the finance ministry’s debt office did not immediately respond to a request for comment.

Indonesia’s fiscal deficit has widened significantly since last year due to a spike in spending to manage the impact of the COVID-19 pandemic. Its central bank has been buying bonds directly from the government to help limit the rise in interest expenses for years to come.

($1 = 0.8465 euros)

(Reporting by Gayatri Suroyo; Editing by Ed Davies)

Source Link In first, Indonesia to buy back some global bonds after raising $1.84 billion

David Barret
David Barret

Related posts:

  1. De La Hoya hospitalized with COVID-19, withdraws from upcoming fight
  2. What 377 Y Combinator pitches will teach you about startups
  3. Tennis-Fearless teenagers and hungry qualifiers light up U.S. Open
  4. South Africa’s former President Zuma placed on medical parole

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Have You Seen This Snake? Florida Wants Your Help Finding Rare Species Seen Once In 50 Years
  • Plague Confirmed In Lake Tahoe Area For First Time In 5 Years, California Officials Say
  • Supergiant Star Spotted Blowing Milky Way’s Largest Bubble Of Its Kind, Surprising Astronomers
  • Game Theory Promised To Explain Human Decisions. Did It?
  • Genes, Hormones, And Hairstyling – Here Are Some Causes Of Hair Loss You Might Not Have Heard Of
  • Answer To 30-Year-Old Mystery Code Embedded In The Kryptos CIA Sculpture To Be Sold At Auction
  • Merry Mice: Human Brain Cells Transplanted Into Mice Reduce Anxiety And Depression
  • Asteroid-Bound NASA Mission Snaps Earth-Moon Portrait From 290 Million Kilometers Away
  • Forget State Mammals – Some States Have Official Dinosaurs, And They’re Awesome
  • Female Jumping Spiders Of Two Species Prefer The Sexy Red Males Of One, Leading To Hybridization
  • Why Is It So Difficult To Find New Moons In The Solar System?
  • New “Oxygen-Breathing” Crystal Could Recharge Fuel Cells And More
  • Some Gut Bacteria Cause Insomnia While Others Protect Against It, 400,000-Person Study Argues
  • Neanderthals And Homo Sapiens Got It On 100,000 Years Earlier Than We Thought
  • “Womb Of The Universe”: Native American Tribal Elders Help Archaeologists Decipher Ancient Rock Art In Missouri Cave
  • 16,000-Year-Old Paintings Suggest Prehistoric Humans Risked Their Lives To Enter “Shaman Training Cave”
  • Final Gasps Of A Dying Star Seen Through A Record-Breaking 130 Years Of Data
  • COVID-19 “Vaccine Alternative” Injection Could Be On Fast-Track To Approval From FDA
  • New Jersey Officials Investigate Possible First Locally Acquired Malaria Case Since 1991
  • First-of-Its-Kind Bright Orange Nurse Shark Recorded Off Costa Rica Makes History
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version