Govt Scrubs Samurai Bond Plans
16 July 2014 19:20 WIB
TEMPO.CO, Jakarta – Robert Pakpahan, the director general of debt management at the Finance Ministry, said on Wednesday, July 16, 2014 that the government had scrapped its plans to issue yen-denominated bonds (Samurai bonds) this year.
However, Robert added, the government was still striving for issuing the Samurai bonds next year. To cover this year’s financing, the government is planning to rely on the global sukuk and eurobonds, yet Robert declined to reveal the details.
Finance Minister Chatib Basri has yet to comment on the Samurai bond issuance.
Deputy Finance Minister Bambang Brojonegoro said the state bonds had covered the country's budget needs this year. On July 2, the government issued a €1 million euro-denominated bond with a 2.9-percent yield.
According to Bambang, the government does not necessarily have to issue the Samurai bonds annually. The government, he said, was planning to issue the Samurai bonds within one or two years.
PERSIANA GALIH
