Indonesia managed to raise US $ 4.3 billion in the issuance of the first pandemic bond. This is Indonesia’s largest US dollar bond debt.
Not only that, according to the term sheet seen by Reuters, this is a dollar debt with this debt period also being the longest period of time issued by countries in Asia.
As for the information obtained by kontan.co.id, acting as the lead manager in the issuance of these bonds is Goldman Sach, Deuthc Bank, HSBC, Citi, and Stanchart. The co-manager in this publication is Danareksa and Trimegah.
More detailed, the issuance of a US dollar pandemic bond as follows:
– A 10-year pandemic bond with a yield of 3.9% of US $ 1.65 billion
-Pandemic bonds with a period of 30.5 years with a yield of 4.25% with a value of US $ 1.65 billion
– Bonds with a period of 50 years with 4.5% worth US $ 1 billion
The term sheet shows that Indonesia will use the money collected to fund its COVID-19 recovery and partial recovery efforts.