Indonesia jumpstarts 2020 funding with dollars, euros

Morgan Davis

January 08, 2020 06:30 AM

Indonesia_flag_PAImages_8Jan2020 — Volunteers unfurled a giant Indonesian national flag in the Horse Statue area, Jakarta, on October, 20,2019. Ahead of the inauguration of Joko Widodo and MA'ruf Amin as President and Vice-President in the 2019-2024 period, a number of volunteers unfurled a red and white flag along the 200 meters. (Photo by Dasril Roszandi/NurPhoto) | Dasril Roszandi/NurPhoto/PA Images

The Republic of Indonesia made an opportunistic outing this week, tapping both the dollar and the euro bond markets for about $3bn. The sovereign started the year with a different approach to its annual funding, in a bid to take advantage of strong liquidity in both the currencies, writes Morgan Davis.

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Topics

Deutsche Bank SSA Citi Asia Southeast Asia Sovereigns Indonesia Asia Pacific Emerging Markets Euro Société Générale Goldman Sachs

MD

Morgan Davis

Deputy editor GlobalCapital Asia