BOCHK Once Again Supports Indonesian Government Dim Sum Bond Issuance
Jakarta – Bank of China (Hong Kong) (BOCHK) has once again been entrusted as Joint Lead Manager and Joint Bookrunner in the issuance of Dim Sum Bonds, sovereign bonds of the Republic of Indonesia denominated in Renminbi CNH, for the second time on 25 February.
Following the successful completion of this bond issuance, BOCHK has reaffirmed its commitment to supporting countries in providing innovative financing across various currencies and markets.
“This reflects the strong confidence of the Indonesian Government in BOCHK’s comprehensive cross-currency and cross-market service capabilities,” said Wang Huabin, Deputy Chief Executive of BOCHK, in an official statement.
This Dim Sum Bond issuance differs somewhat from the first issuance in October of last year, when the Indonesian Government issued bonds in two currencies simultaneously—CNH and Euro—marking BOCHK’s first participation in a public Euro-denominated bond offering by the Indonesian Government.
The value of this bond issuance is approximately 31.1 billion Renminbi (RMB), marking the largest issuance in Southeast Asia underwritten by BOCHK to date. This value comprises 9.25 billion Renminbi CNH and 2.7 billion Euro.
Wang Huabin stated that this Dim Sum Bond issuance successfully attracted broad attention from global investors, indicating strong international market confidence in Indonesia.
Furthermore, this bond issuance enriches the ecosystem of RMB and Euro bond products in Hong Kong’s financial market, providing investors with greater currency options whilst injecting new momentum into financial connectivity between the Hong Kong market, Southeast Asia, and Europe.
The RMB-denominated bonds were issued in three tenors: three years, five years, and ten years, whilst the Euro offering provided options of eight years, twelve years, and twenty years. The strong investor interest in these dual-currency bonds was reflected in overall demand ratios reaching 1.84 times for RMB-denominated bonds and 3.51 times for Euro bonds.
BOCHK was fully involved in the execution and management of this bond issuance, participating in documentation, sales, pricing, and settlement. BOCHK also committed to continuing to provide innovative financing solutions across various currencies and markets, contributing to the development of Hong Kong as an international financial centre, and promoting cross-border and international RMB usage.
In its official statement, Indonesia’s Ministry of Finance also noted that the success of this second Dim Sum Bond issuance demonstrates sustained confidence from global investors in Indonesia. This strong interest is supported by robust economic fundamentals, maintained fiscal discipline, and a diverse international investor base. The proceeds from this issuance will generally be used to finance the 2026 State Budget (APBN).