JAKARTA: The Indonesian government raised 100 billion yen ($902.53 million) through Samurai bonds, the first time it has done so in a public sale, the finance ministry said on Wednesday.
The government sold the bonds in three-, five- and seven-year maturities with coupon rates of 0.65 percent, 0.89 percent and 1.04 percent, respectively, it said in a statement.
Indonesia sold the same amount of yen-denominated bonds in a private placement last year. The 3-year tranche was sold with a 0.83 percent coupon and the 5-year bonds at 1.16 percent.
The government issued 7-year Samurai bonds for the first time this year.
"The deal was extremely well received across the investor spectrum, including the participation of new investors such as asset management and pension funds," the finance ministry said in the statement.
The sale attracted nearly double the amount of bids, compared with the 2016 sale, it added.
Earlier this month, Standard & Poor's (S&P) upgraded Indonesia's sovereign ratings to investment grade. More that five year earlier, the other two main rating agencies Fitch Ratings and Moody's Investors Service, awarded Indonesia investment grade status.
Comments
Comments are closed for this article.