Indonesia issues US$1 billion Panda Bond to curb dollar dominance
The yuan-denominated bond received an AAA/Stable rating in China, while the book-building results have not yet been disclosed.
Antara News, Republika
Subject
#Panda Bond
Indonesia to issue US$1 billion Panda Bond on July 23
China Lianhe assigned an AAA/stable rating, with Bank of China leading the first-time underwriting team.
Bloomberg, Antara News +2
Purbaya heads to China and London to market Indonesia Panda Bond
The government is targeting a June 2026 launch, with coupons seen as cheaper than U.S. dollar-denominated debt.