Indonesia turns to bond market to fund Covid-19 stimulus, relief efforts

By Morgan Davis
08 Apr 2020

The Republic of Indonesia raised $4.3bn from a triple-tranche bond this week, making quick progress in its effort to fund a fiscal stimulus package that it hopes will soften the damage of the Covid-19 pandemic. Morgan Davis reports.

The coronavirus outbreak that has ravaged parts of the world is still at an early stage in Indonesia. On Tuesday the southeast Asian country reported more than 2,700 cases, but that number is climbing at a rapid rate. There are fears that many cases are going unrecorded.

Indonesia’s ...

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