RI sells 97% of 2010 bond issuances

The government says it has issued Rp 162 trillion (US$ 18.1 billlion) in bonds this year to date - 97 percent of the target listed in the 2010 revised state budget.

Finance Ministry debt management director Rahmat Waluyanto told reporters that Indonesia would hold two more bond issuances before the end of 2010.

Rahmat said the government would issue Rp 200 trillion worth of bonds next year.

“There are many bond instruments that we can choose from, such as Samurai bonds, denominated in yen, or Eurobonds,” he said.

He said that Samurai bonds were safe investments as they were guaranteed by the Japan Bank for International Cooperation (JBIC).

“If the government receives an investment grade rating, we won’t need a guarantee from JBIC,” Rahmat said.