panda bond

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Indonesia's panda bond has received a AAA rating and attracted strong investor demand, reflecting confidence in the country's financial stability.

Indonesia's panda bond, a debt instrument issued in China’s currency, has achieved a AAA rating, signaling top-tier creditworthiness. The Finance Minister, Purbaya, emphasized this as evidence of investor trust, countering skepticism. The bond has attracted significant interest, with Chinese investors ordering up to 44 trillion rupiahs and demand exceeding supply by 2.4 times.