Indonesia to locally sell dollar-denominated bonds

Domestic investors in Indonesia can purchase dollar-denominated bonds by next year.

These were previously offered by the Indonesian government only to foreign investors overseas.

“With these new bonds, domestic investors can invest their money here so they do not have to place their [foreign exchange currency] overseas,” Loto Srinaita Ginting, director of government bonds with the Finance Ministry, said on Friday.

The introduction of dollar-denominated bonds will add more financial instruments to Indonesia, consequently attracting investors holding their assets in a non-rupiah currency and reducing the volatility of the rupiah against other foreign exchange currencies, according to the Finance Ministry.

For more.

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