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Bloomberg

Indonesia Plans First Kangaroo Bond in Boost to Australian Ties

Indonesia is set to issue its first Australian dollar-denominated debt as the two countries strengthen their financial partnership. 'Subject to market conditions, Indonesia will also issue its first-ever Australian dollar-denominated 'Kangaroo bond' in August — a vote of confidence and meaningful step forward,' the nations' financial chiefs, Sri Mulyani Indrawati and Jim Chalmers, said in a statement Saturday. 'This will open new pathways for Australian investors to find quality investment products, support Indonesia's growth and strengthen financial integration.'