S&P rates Indonesia bonds BBB-

S&P said it assigned a BBB- long-term foreign-currency issue rating to the following yen-denominated fixed-rate senior unsecured bonds issued by Indonesia.

The issue includes three-year bonds due May 20, 2022, five-year bonds due May 22, 2024, seven-year bonds due May 22, 2026, 10-year bonds due May 22, 2029, 15-year bonds due May 22, 2034 and 20-year bonds due May 20, 2039.

The notes represent direct, general, unconditional, unsecured and unsubordinated obligations of the sovereign, S&P said, and rank equally with the sovereign's other unsecured and unsubordinated debt obligations.

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