Panda Bond Issuance Delayed to End of July, Purbaya Reveals Reasons

The government’s plan to issue Panda bonds, or renminbi-denominated debt securities, has been delayed from its original target. Initially, Finance Minister Purbaya Yudhi Sadewa targeted the bond issuance for the end of June or early July 2026, but it has now been pushed back to the end of July 2026. “So the Panda Bond was originally going to be issued in early July,” Purbaya said at his office in Jakarta on Friday (26/6/2026). Purbaya said the delay occurred because, following his visit to China last week to meet with prospective investors, many expressed interest in participating. Due to the high level of interest from Chinese investors wanting to purchase the Panda Bond, the government needs additional time to accommodate investor readiness. “It turns out their interest has increased. Several large fund managers or major banks there were late to learn about it,” he said. Therefore, Purbaya stressed that the request to postpone the issuance schedule came directly from the investors. Consequently, the potential absorption target will also be revised upwards. “So they asked us to delay it a little. So they have time to submit their proposals to their investment committees,” Purbaya said. “I think it’s a good sign, meaning the interest is high, so I postponed it until the end of July. We will issue it at the end of July so that more parties can buy it,” he asserted.