Indonesia raises $1.03 billion in debut panda bond sale

Indonesia made a spectacular debut in the international debt market by successfully raising $1.03 billion with its first panda bonds. The nation issued 7 billion yuan worth of these bonds, attracting overwhelming interest from investors. The three-year notes presented a yield of 1.9%, while the five-year notes reached a yield of 2.19%. The bond settlement is expected on July 30th, showcasing Indonesia's strong financial appeal.