Sign up | Log in



Home  >>   Daily News  >>   Indonesi News  >>   Finance  >>   Indonesian bonds in renminbi, won in 2013
NEWS UPDATES Asean Affairs   30 April  2012

Indonesian bonds in renminbi, won in 2013

30 April 2012
Following the success of its yen-denominated “Samurai Bonds”, the Indonesia government says it will issue bonds denominated in the currencies of China and South Korea next year.

Representatives of ASEAN member nations, China, Japan, and South Korea are scheduled to discuss the cross-border bond issuance, to be done under the ASEAN+3 bond market initiative, at the Asian Development Bank’s (ADB) meeting this week.

“I believe 2013 is reasonable timing for it [ASEAN+3 bond] to be issued … The packages that we are going to offer will be similar to the Samurai Bonds in Japan,” the Finance Minister Agus Martowardojo told reporters last week.

Samurai Bonds have helped Indonesia reduce its cost of funds to plug budget deficits in previous years as the yen-denominated bonds offered coupons that were significantly lower than rupiah bonds.

The first Samurai Bonds were issued in July 2009, raising about ?35 billion (US$435 million). The 10-year bonds offered coupons with a yield of 2.73 percent a year. The second issue was completed in November 2010, raising ?60 billion, offering yields of 1.6 percent and a 10-year maturity.

In April 2011, the government canceled a planned third issuance on concerns of Japan’s needs for domestic financing after the March earthquake and tsunami disasters.

Hoping to capitalize on Indonesia’s cooperation with Japan, the ASEAN+3 Bond Market Forum (ABMF), in collaboration with the ADB, recently published its first bond-market guide to encourage more cross-border bond issuances and investment in the ASEAN+3 region.

The two-volume guide, accessible on the ADB’s and the AsianBondsOnline’s websites, contains information on bond market infrastructure, such as transaction flows, matching, settlement cycles and numbering.

The guide also describes the regulatory frameworks and market practices in individual ASEAN+3 countries.

The ASEAN+3 and the ADB are also slated to discuss increasing financing for the Chiang Mai Initiative, a multilateral currency swap arrangement for ASEAN+3 members.

“We want the financing to be increased, or at least doubled from the current amount, which stands at $120 billion,” he said.

Agus said that ASEAN+3 member representatives would also discuss establishing the ASEAN Infrastructure Fund’s (AIF) board of directors.

“The board of directors will be the representatives of ASEAN countries, while the ADB will be responsible for managing the operations of the AIF,” he said.

Agus said that establishing the board was essential as several member nations had a list of projects awaiting funding from the AIF.

Economists have said that encouraging a more active intra-regional bond and financing in the ASEAN+3 region was essential to channel regional resources to asean.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    30  April   2012 Subsribe Now !
• ASEAN Roadshow to Japan Ends  Subcribe: Asean Affairs Global Magazine
• EU-Asean ties on an upward swing  Asean Affairs Premium

• Indonesian bonds in renminbi, won in 2013

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• “Phuket won’t sink from earthquakes”
• Historic address by UN Sec Gen to Burmese 
• “Singapore's Unemployment Rate Rises
• Chemical Company of Malaysia (CCM)

• Ha Long Bay formally becomes world wonder  


Asean Analysis              30  April   2012

Advertise Your Brand
• Asean Weekly ending April 29, 2012  
• Asean Analysis- April 30, 2012 Sponsor Our Events

Asean Stock Watch     27  April   2012 

• Asean Stock Watch-April 27, 2012 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand