Wow! Foreign Investors Flock to Purbaya's Global Bonds

Jakarta, CNBC Indonesia – Finance Minister Purbaya Yudhi Sadewa has revealed that this week the government issued global bonds denominated in United States dollars (USD) and euros. He said investor interest was very high in absorbing the global bonds, which were issued totalling US$3.4 billion, consisting of USD-denominated US$2.0 billion and euro-denominated US$1.25 billion. ‘That money coming in here, it adds to our dollar supply, so I stress again that the rupiah will strengthen,’ Purbaya said at the Jogjakarta Financial Festival at the Jogja Expo Centre (JEC) in Yogyakarta today, Friday (21 May 2026). Evidence shows the bonds have five-year tenors with an estimated coupon of 5.3% and 10-year at 5.9%. To date, the global bond remains in the auction stage. Purbaya said that through this scheme the rupiah against the US dollar would strengthen in the near term due to the large dollar supply in the country. He even warned dollar holders to sell immediately because the rupiah would strengthen soon. ‘If you hold dollars now, just sell,’ he said.