Indonesia raises $1.03 billion in debut panda bond sale
Indonesia made a spectacular debut in the international debt market by successfully raising $1.03 billion with its first panda bonds. The nation issued 7 billion yuan worth of these bonds, attracting overwhelming interest from investors. The three...
By Reuters |
Indonesia raised 7 billion yuan ($1.03 billion) from its first-ever Chinese yuan-denominated bonds, also known as panda bonds, a finance ministry official said.
* Indonesia sold 5.6 billion yuan of three-year notes with a yield of 1.9% and 1.4 billion yuan of five-year notes with a yield of 2.19%, Suminto, the ministry's director general for financing, said in a statement late Thursday.
* Total orders for the bonds reached 17 billion yuan with a bid-to-cover ratio of 2.4 times, he added.
* Orders for the 3-year tranche were 12.38 billion yuan with a bid-to-cover ratio of 2.2 times, while orders for the 5-year tranche reached 4.62 billion yuan with a bid-to-cover ratio of 3.3 times, Suminto said.
* Settlement of the bonds is scheduled for July 30 this year.
* Panda bonds are yuan bonds sold in mainland China by foreign issuers.
* Indonesia sold 5.6 billion yuan of three-year notes with a yield of 1.9% and 1.4 billion yuan of five-year notes with a yield of 2.19%, Suminto, the ministry's director general for financing, said in a statement late Thursday.
* Total orders for the bonds reached 17 billion yuan with a bid-to-cover ratio of 2.4 times, he added.
* Orders for the 3-year tranche were 12.38 billion yuan with a bid-to-cover ratio of 2.2 times, while orders for the 5-year tranche reached 4.62 billion yuan with a bid-to-cover ratio of 3.3 times, Suminto said.
* Settlement of the bonds is scheduled for July 30 this year.
* Panda bonds are yuan bonds sold in mainland China by foreign issuers.
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