Purbaya Heads to China, Panda Bond Launch Imminent This Month

Jakarta, CNBC Indonesia - The Panda Bond, a yuan-denominated debt instrument, will soon be launched by the government after Finance Minister Purbaya Yudhi Sadewa attends an investor meeting in Beijing, China, next week. This was disclosed by the Director General of Financing and Risk Management, Suminto, at the Juanda Building on Friday (5/6/2026). “After the investor meeting in Beijing (next week),” Suminto replied when asked about the timing of the Panda Bond issuance. Suminto confirmed the issuance of the Panda Bonds is for state budget financing purposes. Purbaya himself is scheduled to go to China to promote the sovereign debt instrument on 16 June 2026. “Next week I will go to China on the 16th (June 2026) to promote the Panda Bond,” he said during the APBN KITA press conference. After China, Purbaya plans to fly to London to attend an investor meeting with European investors. “To convince the investors there that we are indeed implementing good policies and the economy is running well,” he stated. On a previous occasion, Purbaya confirmed that the Panda Bond is attractive to investors, particularly in terms of price and interest rates. “It is cheaper; China was 2.3% the last time we did a Dim Sum bond. It might be around that, slightly higher, so the interest rate will be cheaper than US dollar debt,” Purbaya said. As a result, he is confident the issuance of these Panda Bonds will create diversity in the supply of foreign exchange in Indonesia, breaking the dominance of the US dollar.