JAKARTA. The Indonesian government has issued its first global bonds in 2023, worth USD 3 billion and split into three series with varied tenors of 5, 10, and 30 years, yesterday (5/1). These bonds adopted the SEC-Registered Shelf Take-Down format.

Deni Ridwan, Director of Govenrment Securities of the Directorate-General of Budget Financing and Risk Management (DJPPR) of the Ministry of Finance, claimed that this issuance of global bonds indicates the government’s optimism in entering the global market as the first emerging country in Asia that issues global bonds in 2023. It also highlighted the government’s success in issuing global bonds under the SEC format for the thirteenth times since 2018.

These bonds, worth IDR 46.83 trillion in total (using JISDOR of IDR 15,160/USD), consist of RI0128A series of USD 1 billion. This series has a coupon of 4.55%, a yield rate of 4.8%, and a tenor of 5 years. It will mature on January 11, 2028. It was issued with a price level of 98.900% and a par call of 1 month.

Next, the bonds also consist of RI0133 series of USD 1.25 billion. It records a tenor of 10 years, meaning that it will mature on January 11, 2033, a coupon of 4.85%, and a yield rate of 5.1%. This series was offered with a price rate of 98.061% and a par call of 3 months. Lastly, there is RI0153 series of USD 750 million. Its tenor reached 30 years, maturing on January 11, 2053. It also has a coupon rate of 5.65% with a yield rate of 5.75%. This series was issued with a price rate of 98.578% and a par call of 6 months. (AM/ZH)