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MACROECONOMICS - JAKARTA, May 11 - Indonesia may sell yuan-denominated "panda bonds" in China in June, Finance Minister Purbaya Yudhi Sadewa said in an interview with news channel Liputan6, in an effort to diversify the country's foreign currency debt.
"Maybe next month ... In June," Purbaya said in an interview uploaded by the news channel over the weekend.
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"We can reduce our dependence on any certain currency significantly. Apart from that, the interest rate there (in China) is low, between 2.3% to 2.4%," he said. He did not mention the planned maturity for the bonds.
Other than its own currency, the rupiah, the government of Southeast Asia's largest economy is a regular issuer of bonds in U.S. dollars, euros and Japanese yen.
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The country last year launched its maiden sale of dim sum bonds, yuan bonds issued outside mainland China, as well as Australian-dollar denominated kangaroo bonds.
