• 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

  • World’s “Oldest Baby” Born From Embryo Frozen In 1994 In New World Record
  • What Can Spain’s “Tunnel Of Bones” Tell Us About The Fate Of Human Species On The Brink Of Extinction?
  • Rhino Horns Go Radioactive As Anti-Poaching Project Gets Off The Ground
  • Manta Rays Officially Get Third New Species – 15 Years After First Suspected
  • “Space Hurricanes” Are Happening At Earth’s Poles – And They Can Affect GPS Signals
  • There Is A Crucial Reason Why We Will Never See The Big Bang Directly With Our Telescopes
  • How Does An MRI Machine Work?
  • Catch A Glimpse Of One Of The World’s Rarest Sharks In Dreamy New Footage
  • A One-Shot Vaccine For HIV Might Actually Be On The Cards
  • Chikungunya Virus Is Spreading In China: As CDC Considers Travel Advisory, Here’s What To Know
  • First-Of-Its-Kind Vagus Nerve Implant Gets FDA Approval As A Therapy For Rheumatoid Arthritis
  • First Time Crystal Made Of “Exotic” Giant Atoms 1,000 times Larger Than Hydrogen
  • Prehistoric Humans Began Eating Tubers 700,000 Years Before Our Teeth Evolved To Do So
  • The World’s Oldest Wild Bird “Surprised” Everyone With A Hatched Chick At 74
  • “Spectacular” New Species Of 40cm Giant Stick Insect May Be Australia’s New Heaviest Insect
  • What Is “Nobel Disease”, And Why Do So Many Prizewinners Go On To Develop It?
  • New Human “Mini-Brains” Combine Cells From The Whole Brain – Even The Blood Vessels
  • Aging NASA Spacecraft Could Intercept The Interstellar Comet On The Other Side Of The Sun, Astronomers Suggest
  • The Deepest Complex Ecosystem Ever Discovered Has Been Found 9,000 Meters Below The Sea
  • Drone Footage Shows Synchronized Moves By Killer Whale Pairs Are More Effective Than Hunting Alone
  • 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