Indonesia Launches World's First Blue Bonds

By Editorial Team 22/05/2023
save the earth
Summary

Finance Ministry announced the issuance of Samurai Bonds, Japanese yen-denominated Government Securities (SUN). The total value of SUN issued reached 104.8 billion yen. Director General of Financing and Risk Management Suminto said that the purpose of issuing Samurai Bonds is to finance the 2023 State Budget deficit.

This Samurai Bond issuance is divided into four series, with two series maturing in seven years and ten years designated as blue bonds. Suminto explained that the initial issuance of blue bonds highlights Indonesia's leadership in the global market for sustainable economies. Currently, Indonesia holds the distinction of being the first country worldwide to introduce blue bonds. "The blue bonds issuance will enhance the state budget's financing portfolio. We also anticipate that it will pave the way for other blue financing alternatives for Indonesia," Suminto said.

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