Islam, Islamic, Islamic News, Fatwa's and Islamic Business/Finance with Islam Online

Indonesia Markets 10-, 30-Year Global Bonds as Dollar Sales Cut

08 Apr 2013 07:24 GMT   التعليقات ()       إضافة تعليق       طباعة       إرسال لصديق

Indonesia is marketing 10- and 30- year dollar bonds today, tapping the global market for the first time this year, a person familiar with the matter said.

The nation is offering notes due April 2023 to yield about 3.625 percent, 193 basis points more than similar-maturity Treasuries, according to the person, who asked not to be identified as the terms aren't set. It is also marketing debt maturing in 2043 at around 4.95 percent, 208 basis points higher than the U.S. securities.

Indonesia plans to cut the proportion of bonds sold in foreign currencies to 14 percent in 2013, from 21 percent last year, Robert Pakpahan, director general at the debt management office in Jakarta, said Feb. 6. A 5.9 percent drop in the rupiah against the dollar in 2012 boosted debt servicing costs to 982 billion rupiah ($101 million), according to Bloomberg estimates based on finance ministry data. The average dollar debt yield for Asian borrowers was 3.56 percent on April 5, near October's record low of 3.35 percent, an HSBC Holdings Plc index shows. Wire External Story From Source: Bloomberg - Read full article here is not responsible for the content of external internet sites


Loading comments ...