Indonesia set to issue US$1 billion in panda bonds in China

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Indonesia is expected to start issuing at least US$1 billion in yuan-denominated bonds in China within days or weeks, the Southeast Asian country’s national news agency Antara said on Friday, as part of an effort to stabilise domestic finances and reduce dependence on the US dollar.The Ministry of Finance in Jakarta said the planned issuance of panda bonds – debt securities sold in China’s domestic bond markets – could start before mid-July, pending final signoffs in Beijing, Antara...