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View all search resultsKangaroo bonds to be issued next month: Sri Mulyani
Finance Minister Sri Mulyani Indrawati revealed that the Australian-dollar-denominated Indonesian government obligations are to be launched in August, but Australian investors appear to be wary.
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Finance Minister Sri Mulyani Indrawati (second right) waits for her car at the House of Representatives complex in Central Jakarta on July 8, 2024. (TJP/Deni Ghifari)
F
inance Minister Sri Mulyani Indrawati has revealed that the first Australian-dollar-denominated Indonesian government obligations, or kangaroo bonds, are to be offered in August, but Australian investors appear to be wary of buying them.
The minister shared the news in an op-ed for The Jakarta Post written together with Australian Treasurer Jim Chalmers and published on Saturday.
“Subject to market conditions, Indonesia will also issue its first-ever AUD-denominated ‘Kangaroo bond’ in August, a vote of confidence and meaningful step forward, reflecting our deep bilateral ties,” wrote the two senior officials.
They went on to say that the issuance “will open new pathways for Australian investors to find quality investment products, support Indonesia’s growth and strengthen financial integration”.
Read also: Strength through trust, growth through cooperation: Indonesia, Australia on global stage
Online portal Investopedia defines the kangaroo bond as a type of bond issued in the Australian market by nonresidents, denominated in Australian dollar and subject to Australian securities regulation.
The plan to issue kangaroo bonds was first unveiled in May by Sri Mulyani’s deputy Thomas Djiwandono, who revealed the government is also pondering the issuance of renminbi-denominated Dim Sum bonds.
