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The Nexus
BUSINESSJun 26 · 08:30 UTCSCMP WORLDRalph Jennings

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

Indonesia plans to issue at least US$1 billion in yuan-denominated panda bonds in China to stabilize domestic finances and reduce reliance on the US dollar. The Ministry of Finance in Jakarta aims to start the issuance before mid-July, pending approvals in Beijing.

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