Climate Risks Push Indonesia to Explore Blue Bond Market
- Southeast Asia nation is marketing multi-part Samurai deal
- Transaction includes several tranches of rare blue bonds
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Indonesia is turning to the yen market for a rare sale of blue bonds to raise funds for ocean-related projects.
The Southeast Asian country is marketing a Samurai deal which includes several blue bond tranches. It would be the first such issuance of yen-denominated debt from a foreign borrower, according to the underwriters. Japanese seafood company Maruha Nichiro Corp. also sold the country’s inaugural blue note last year.