Foreigners Hold IDR209.98 Tln of Indonesia Government Bonds

JAKARTA, KOMPAS.com - Foreign investors held IDR209.98 trillion ($24.1 billion) worth of rupiah-denominated government bonds, a fresh record high, as of March 28, underscoring the attractiveness of the emerging country despite volatile sentiment toward riskier assets in recent months, finance ministry data showed Tuesday.

The figure is a 4.8% increase from the IDR200.4 trillion held by non-residents at the end of February. As of March 28, foreigners held over 31% of outstanding rupiah-denominated government bonds.

Analysts have said Indonesia's strong economic growth and the prospect it would receive an investment grade rating from international rating agencies in the next 12 months, have lured foreign investors to the country's assets.