Indonesia to offer $15.2b in bonds to global investors

Indonesia to offer $15.2b in bonds to global investors Skip to main content ...

Indonesia to offer $15.2b in bonds to global investors

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Indonesia's fundamentals remain sound, but the rupiah has weakened this year by about 10 per cent, making it the second-worst performer in Asia, after the Indian rupee.

Published7 hours ago

Finance Ministry, 3 state-owned firms plan to raise funds for acquisitions, working capital

Indonesia's Finance Ministry and three state-owned companies plan to offer at least US$11 billion (S$15.2 billion) in bonds to global investors to fund acquisitions, plug budget deficits, and as working capital.

Senior officials from state oil company Pertamina and state mining holdin g company Inalum are travelling to Europe and the United States to meet global investors this week to gauge demand for the bonds before they decide on pricing, sources said.

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A version of this article appeared in the print edition of The Straits Times on October 24, 2018, with the headline 'Indonesia to offer $15.2b in bonds to global investors'. Print Edition | Subscribe Topics:

• INDONESIA
• ECONOMIC AFFAIRS

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Source: Google News Indonesia | Netizen 24 Indonesia