TEMPO.CO, Jakarta - The government plans to issue Kangaroo Bonds, which are Indonesian debt securities denominated in Australian dollars. According to Finance Minister Sri Mulyani Indrawati, the foreign currency bonds will be issued next month.
The State Treasurer assured that the government would be cautious with this issuance, as it is the first of its kind. "If all conditions are favorable, we plan to [issue it] in August," Sri Mulyani said in a press conference of the Financial System Stability Committee (KSSK) on Wednesday, July 30, 2025.
These bonds serve as a fiscal instrument to diversify the financing sources for the state budget. Furthermore, issuing foreign currency bonds also aims to expand the global investor base.
The former Managing Director of the World Bank stopped short of disclosing the nominal value of the bonds to be issued, but mentioned that representatives from the Ministry of Finance were meeting with investors in Australia.
Deputy Minister of Finance Thomas Djiwandono has already begun a series of meetings in Australia to discuss the issuance. The ministry's official website reported that on Monday, July 28, 2025, Thomas Djiwandono met with Nicholas Moore, the special envoy of the Australian Prime Minister, at the headquarters of Macquarie Bank in Sydney.
On the same day, the Deputy Minister also held a bilateral meeting with the Australian Prudential Regulation Authority (APRA). Both parties discussed the potential for synergy between similar institutions, specifically KSSK and Australia's Council of Financial Regulators (CFR).
APRA also commended Indonesia's initiative to diversify its potential investor base by targeting countries like Australia with the launch of the Kangaroo Bond.
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