Indonesia will issue yen-dominated bonds in the middle of 2009, Treasury Director of Finance Ministry Rahmat Waluyanto said here on Thursday.
The director said that the plan aimed at raising funds in Japanese currency to pay Indonesia's debt to the country which was stood at 26.91 billion U.S. dollars.
"The finance ministry may issue the bonds in the middle of this year to get funds in yen currency for payment of our debt to Japan," he told Xinhua.
On Wednesday, Waluyanto said that the ministry plans to issue a 3-year maturity Islamic bonds known as Sukuk next month.
The ministry also plans to issue conventional global bonds this year, he said earlier.
All the debts issuance partly aimed at paying the country's foreign debt which totally worth at 63.17 billion U.S. dollars. The U.S. stimulus plan is predicted to spur appetite investors on assets at the emerging market, including Indonesia.
Indonesia planned to issue global conventional bonds and Islamic bonds or sukuk last year but was delayed due to the global financial turmoil.
Source:Xinhua
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