Bonds
Indonesia Eyes Jumbo Bond Sale to Fund Prabowo’s Housing Targets
- Bonds will help expand government’s cheap mortgage facility
- Bank Indonesia pledges to purchase bonds in secondary market
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Indonesia is planning a large issuance of bonds to fund President Prabowo Subianto’s ambitious public housing program, with the central bank agreeing to buy the debt in the secondary market.
The bond sale will help expand the government’s home ownership loan facility, Finance Minister Sri Mulyani Indrawati told reporters in a briefing late Thursday, without elaborating on the issuance size.