Purbaya Yudhi Sadewa will go to China and the UK for the Promotion of Indonesian Debt Letters

JAKARTA - Minister of Finance (Menkeu) Purbaya Yudhi Sadewa is scheduled to visit China and the United Kingdom in mid-June 2026 to promote Indonesian debt instruments to global investors.

He said he would leave for China on June 16 to introduce a plan to issue a yuan-denominated global bond or Panda Bond to investors.

"Next week I will go to China. On June 16 (June) to China for the promotion of Panda Bond," said Purbaya at the APBN KiTa June 2026 Edition press conference in Jakarta, Friday.

After China, Purbaya will continue his visit to the UK to meet investors and convey the fundamental conditions of the Indonesian economy which are considered to remain strong.

"To convince that we are indeed implementing good economic policies," he said.

According to him, the series of visits is part of the government's efforts to expand the investor base as well as support the strategy of diversifying the country's sources of financing through the issuance of debt securities.

Previously, the State Treasurer targeted the issuance of Panda Bonds to be realized in June 2026. He admitted that he had received a report from the Director General of Financing and Risk Management of the Ministry of Finance Suminto regarding the preparation of the issuance of the instrument.

The issuance of Panda Bonds is one of the strategies for diversifying financing so that the State Budget (APBN) is not dependent on a certain source of funding.

Previously, Bank Indonesia (BI) stated that it encouraged the issuance of renminbi-denominated financial instruments, including Panda Bonds and Dim Sum Bonds by the Indonesian government, to support the deepening of the domestic foreign exchange (forex) market.

Deputy Governor of BI Thomas Djiwandono in a press conference following the BI Board of Governors (RDG) meeting in Jakarta, last month said the issuance of Panda Bonds could be an alternative for placing renminbi and strengthening the liquidity of the Chinese currency in the domestic market.

Thomas added that on the other hand, BI also utilizes the Indonesian Bank Rupiah Securities (SRBI) and supports the provision of State Securities (SBN) in the offshore market as an alternative for placing rupiah liquidity in foreign markets.