Finance Minister Purbaya Yudhi Sadewa announced plans to issue yuan-denominated global debt securities, known as panda bonds, in June 2026. The move aims to diversify sources of state budget financing and reduce reliance on a single country.
Purbaya said the plan followed a report from Director General of Risk Management and Financing Suminto. He will soon travel to China to discuss the issuance.
Purbaya explained that China has sufficient liquidity and a large financial market. Yields offered range from 2.3 to 2.5 percent and are supported by market confidence in Indonesia’s economic fundamentals.
Indonesia also opened the possibility for China to issue bonds in the domestic market. This understanding emerged during bilateral talks with Chinese Finance Minister Lan Fo’an in April 2026 in Washington, DC.
