Indonesia to Sell Unguaranteed Samurai Bonds to Japanese Investors Soon
The Finance Ministry of Indonesia started to market multi-tranche Samurai (yen-denominated) bonds, partially without guarantees from the Japan Bank for International Cooperation (JBIC), a Japanese public financial institution. It will be the first time that Indonesia issues unguaranteed Samurai bonds and thus the result will inform how confident Japanese investors are in Indonesia’s debt markets. Previously, all Samurai bonds issued by the Indonesian government were guaranteed by JBIC.