Bank Indonesia to Issue BI Floating Rate Notes
2025-11-07 08:20
By
Chusnul Chotimah
1 min. read
Indonesia's central bank plans to issue short-term “BI Floating Rate Notes” (BI FRN) on November 17 as part of efforts to deepen the country's money markets.
Bank Indonesia official Fitra Jusdiman said on Friday that the floating rate note is a rupiah-denominated security issued by Bank Indonesia, carrying a floating interest rate and a maturity of up to 12 months, Reuters reported.
“The purpose of the BI FRN is to serve as a pro-market monetary operations instrument and to support the deepening of the money market,” Fitra said, adding that the first issue is likely to have a tenor of 12 months.
He added that the coupon on the notes would be paid at maturity and that the notes could be pledged as security for short-term loans.