Indonesia taps dollar bond market to fund pandemic relief

By Morgan Davis
07 Apr 2020

The Republic of Indonesia turned to the bond market on Monday to fund its Covid-19 relief efforts, raising $4.3bn from a triple-tranche deal. Investor demand for long-dated tenors encouraged the country to offer a 50 year note as part of the trade, making it a first for Asian sovereigns.

The Covid-19 outbreak that has ravaged parts of the world is just beginning in Indonesia. On Monday, the southeast Asian country reported nearly 2,500 cases, but that number is climbing at a rapid rate.

Indonesia's government has acted quickly to provide economic stimulus to its economy as it ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial