Business · Markets · 7 hrs ago

Indonesia Markets Second Yuan Bond in China Despite MSCI Downgrade Threat

Indonesia Markets Second Yuan Bond in China Despite MSCI Downgrade Threat

Indonesia has begun marketing a second yuan-denominated bond in China's domestic debt market.

The bond is denominated in yuan, China's currency.

Indonesia is Southeast Asia's largest economy.

Its move comes as it faces the threat of a double downgrade from MSCI, a company that tracks financial markets.

The source gives no details on the bond's size, terms or intended use.

It also does not explain what prompted MSCI's threat.

The bond offering is underway, but no further steps or outcome are stated.

1 source

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