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Jakarta Post

RI raises $930m in samurai bonds for virus response

  • Adrian Wail Akhlas

    Jakarta

Jakarta   /   Mon, July 6 2020   /  01:00 am
Japanese yen banknotes(AFP/File)

Indonesia has raised 100 billion yen (US$930 million) from the issuance of five-tranche samurai bonds to help the government cover the fiscal deficit and fund the coronavirus pandemic response, the Finance Ministry announced Friday. The deal was finalized in Japan on Thursday and sold in maturities of 20 years, worth 1.5 billion yen with a coupon rate of 1.8 percent; 10 years, worth 13.4 billion yen with a 1.59 percent coupon rate; and seven years, worth 10.1 billion yen with a 1.48 percent coupon rate. The five-year tenure is worth 24.3 billion yen with a coupon of 1.35 percent and the three-year tranche is worth 50.7 billion yen with a 1.13 percent coupon. The settlement date is set for July 8. “The funds raised will be used to finance the budget deficit, including to fund COVID-19 relief and recovery efforts,” the ministry said in a statement. “Indonesia&rsq...