Indonesia Raises $842 Million in First-Ever Yuan Bonds

Indonesia raised about $842 million by selling 6 billion yuan in offshore “Dim Sum” bonds, its first-ever in China’s currency.
Indonesia raised about $842 million by selling 6 billion yuan in offshore “Dim Sum” bonds, its first-ever in China’s currency. (Photo: Frederic Brown / AFP)

Indonesia raised about $842 million, equal to 6 billion yuan, by selling bonds to international investors denominated in China’s currency, the yuan, for the first time. The sale marks the first time Indonesia has borrowed in yuan.

These yuan-denominated bonds are called “Dim Sum bonds.” That term refers to bonds written in China’s currency (the yuan, also called renminbi or RMB) but sold outside mainland China, typically to offshore investors.

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by Edwin Shri Bimo

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