Indonesia's new finance minister Suahasil Nazara said the government still has
capacity to issue foreign‑currency bonds in the remaining three months as it
finalises borrowing plans. Parliament approved this year's budget this week and
the ministry is preparing next year's borrowing program. A global rise in
yields — which has pushed US Treasury rates to their highest in more than 20
years — has also lifted Indonesian local yields; Indonesian government bonds
have inflicted nearly 8% loss on dollar investors year‑to‑date. Indonesia last
accessed international markets in May, issuing $3.45bn of dollar and euro bonds.
