Bogor. The Indonesian government plans to issue yuan-denominated “Dim Sum Bonds” in the fourth quarter of 2025, marking its latest move to diversify funding sources and strengthen engagement with Asian capital markets.

Suminto, Director General of Financing and Risk Management at the Finance Ministry, confirmed the plan on Friday but declined to specify an exact issuance date, citing capital market disclosure rules.

“We are considering issuing Dim Sum Bonds in the fourth quarter,” he said during a media gathering in Bogor. “Although we’ve entered Q4, I’m bound by market protocols, so I can’t announce the precise date in advance.”

The issuance value will be determined based on the government’s cash financing needs and market demand, Suminto said, adding that the move will be carried out with prudence and flexibility.

As of June 2025, Indonesia’s public debt stood at Rp 9,138 trillion ($560 billion), equivalent to 39.86 percent of GDP, according to Finance Ministry data. Of that total, Rp 7,980 trillion came from government securities (SBN), consisting of Rp 6,484 trillion in rupiah-denominated instruments and Rp 1,496 trillion in foreign currencies, including the US dollar, euro, yen, and Australian dollar.

Earlier this year, on August 7, Indonesia successfully raised A$800 million ($520 million) through the issuance of Kangaroo Bonds -- debt instruments denominated in Australian dollars and sold to investors in Australia.

The planned Dim Sum Bond issuance would mark Indonesia’s entry into the Chinese offshore bond market, further broadening its investor base amid growing regional financial linkages and efforts to enhance the use of local currencies in cross-border trade and finance.
 

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