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2 clusters · 5 sources · 6 days · First seen · Last updated

Categories: BUSINESS

Jakarta municipal bond planning

Entities: Pramono Anung · Purbaya Yudhi Sadewa · DKI Jakarta Provincial Government · Tito Karnavian · Rp3.5 trillion municipal bond

Overview

In July 2026 Jakarta's provincial government announced its intention to issue a Rp3.5 trillion municipal bond, targeting a June 2027 issuance with a seven‑year tenor. The bond is slated to fund infrastructure such as the Manggarai‑Dukuh Atas LRT line, hospitals, schools, flood‑control works and housing, and has been approved in principle by the Ministry of Coordinating Economic Affairs.

A week later, Home Affairs Minister Tito Karnavian cautioned that the borrowing must be examined to ensure the regional budget can service the debt without burdening the incoming governor. Finance Minister Purbaya Yudhi Sadewa, who had not yet received detailed information from Jakarta’s governor, said he would meet to assess the proposal’s credibility and financial soundness before any issuance proceeds.

Timeline

  1. 1 day ago

    [BUSINESS] 3 sources
    Tito Karnavian Urges DKI Jakarta Not to Pass Municipal Bond Debt to Successor

    Jakarta plans a Rp3.5 trillion municipal bond for 2027; Home Affairs Minister Karnavian says it must not burden future leaders, while Finance Minister Sadewa, surprised by the proposal, will review it with the

  2. 7 days ago

    [BUSINESS] 4 sources
    Jakarta to Issue Rp3.5 Trillion Municipal Bond in 2027

    Jakarta will issue a Rp3.5 trillion municipal bond in June 2027 to fund LRT, hospitals, schools, flood control and housing, after approval by the coordinating economic ministry.

Sources

antaranews.com · cnbcindonesia.com · en.tempo.co · inews.id · rmol.id