Jakarta to Issue Rp3.5 Trillion Municipal Bond in 2027

The provincial government of DKI Jakarta announced plans to issue its first municipal bond worth Rp3.5 trillion, with a target issuance date in June 2027. The bond has been approved in principle by the Ministry of Coordinating Economic Affairs and is intended to provide long‑term financing for public‑interest projects.

Proceeds are earmarked for infrastructure such as the Manggarai‑Dukuh Atas LRT line, regional hospitals, new school units, flood‑control embankments and housing. The bond will have a maximum seven‑year tenor, with coupon rates set according to market conditions. Preparatory steps have included capacity‑building sessions involving the Jakarta DPRD, several ministries, the Financial Services Authority, the World Bank, UNDP and other development partners.