Indonesia to sell euro bonds in 1H 2016

JAKARTA: Indonesia plans to issue euro bonds in the first half of 2016, a senior finance ministry official said on Monday.

Robert Pakpahan, director general of budget financing and risk management, did not disclose the value of the planned euro bond.

Earlier this month, Indonesia raised $3.5 billion in its second global bond issuance in 2015.

It said it will use the money as pre-funding for the 2016 state budget for Southeast Asia's largest economy.