Indonesia issues US$1 billion Panda Bond to curb dollar dominance
The yuan-denominated bond received an AAA/Stable rating in China, while the book-building results have not yet been disclosed.
Antara News, Republika +1
The yuan-denominated bond received an AAA/Stable rating in China, while the book-building results have not yet been disclosed.
What's new: Demand ran about four times the planned size, letting Tencent tighten pricing on its offshore yuan notes.
The government is targeting a June 2026 launch, with coupons seen as cheaper than U.S. dollar-denominated debt.