Indonesia raises $1.03 billion in debut panda bond sale
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* Indonesia sold 5.6 billion yuan of three-year notes with a yield of 1.9% and 1.4 billion yuan of five-year notes with a yield of 2.19%, Suminto, the ministry's director general for financing, said in a statement late Thursday. * Total orders for the bonds reached 17 billion yuan with a bid-to-cover ratio of 2.4 times, he added. Indonesia made a spectacular debut in the international debt market by successfully raising $1.03 billion with its first panda bonds. The nation issued 7 billion yuan worth of these bonds, attracting overwhelming interest from investors. The three-year notes presented a yield of 1.9%, while the five-year notes reached a yield of 2.19%. The bond settlement is expected on July 30th, showcasing Indonesia's strong financial appeal. * Orders for the 3-year tranche were 12.38 billion yuan with a bid-to-cover ratio of 2.2 times, while orders for the 5-year tranche reached 4.62 billion yuan with a bid-to-cover ratio of 3.3 times, Suminto said. * Settlement of the bonds is scheduled for July 30 this year. * Panda bonds are yuan bonds sold in mainland China by foreign issuers. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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