Indonesian Finance Minister to meet 15 investors in China to promote Panda Bonds

Indonesian Finance Minister Purbaya Yudhi Sadewa is embarking on a roadshow to China, scheduled to begin June 16, 2026, with the primary goal of promoting Panda Bonds. This initiative involves meeting with 15 pre-arranged investors to discuss the issuance of debt instruments denominated in Chinese yuan.

The visit, confirmed by Sadewa following a meeting at the Parliament building in Jakarta, is part of a broader strategy to diversify Indonesia's financing sources. "We are meeting investors to issue Panda Bonds. There is no target yet, but I think there will be many," Sadewa stated.

Suminto, Director-General of Debt Management and Risk at the Finance Ministry, explained that this non-deal roadshow is a regular activity aimed at promoting the bond issuance, which will be Indonesia's first in this denomination. "Especially since this is the first issuance, we need to meet investors in mainland China, as well as authorities," Suminto said.

Key investors slated for meetings include Agriculture Bank of China, Zhong Ou Asset Management, and ICBC Wealth Management. The government will also appoint Joint Lead Managers to facilitate the distribution of the Panda Bonds. This move is seen as a strategic debt management effort amid the ongoing weakening of the Indonesian rupiah against the US dollar.

Following the China roadshow, Sadewa plans to visit the United Kingdom and meet investors in Europe to further diversify the country's debt markets. Indonesia previously issued Dim Sum Bonds in Chinese renminbi in October 2025, which were traded outside mainland China.