Indonesia’s Ministry of Finance plans to continue issuing Japanese Yen-dominated “Samurai” bonds in 2014 as its government is diversifying its debt portfolio and curtailing dependency on US dollar- dominated bonds ahead the tighter global liquidity.

Head of the Financial Ministry’s debt department Robert Pakpahan said the next issue of Samurai bonds is fuelled by the successful outcome of the 2012 issue of 10-year bonds worth 748 million USD with coupon rate of 1.13 percent.

Robert Pakpahan also noted the Indonesian government aims to raise 6.5 billion USD from the issue of foreign currency bonds that may comprise bonds dominated in USD, Yen, Chinese renminbi, and AUD, in 2014.-VNA