Hanoi (VNA) – Indonesia plans to sell US-dollar bonds, the first such offering by an Asian sovereign this year, giving further impetus to a record start to global debt issuance by borrowers in 2026.
Southeast Asia’s largest economy started marketing fixed-rate bonds with maturity of a little over five, 10 and 30 years, said sources, who asked not to be identified while talking about confidential information.
The sale comes as the administration of President Prabowo Subianto looks to fund a budget deficit that risks exceeding the legal cap set at 3% of gross domestic product (GDP) in 2026.
Indonesia has set its budget deficit target at 2.68% of GDP this year, with total net bond issuance, including local and foreign-currency debt, pegged at 799.5 trillion IDR (47.4 billion USD) in 2026.
Citigroup raised its 2026 budget deficit forecast to 3.5 % of GDP from 2.7%, citing expectations of faster spending on the free-meals programme and larger transfers to regional authorities./.
Indonesia develops clean energy ecosystem for new capital
The involvement of Indonesia's strategic state-owned companies such as Pertamina will strengthen the vision of developing Nusantara into a “forest city” with low carbon emissions, through close collaboration between the government and the business community.
