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Indonesia targets US$1 billion Panda Bond issuance: minister

 Indonesia is targeting an initial issuance of US$1 billion in Panda Bonds in China to diversify development financing sources and support rupiah stability, Finance Minister Purbaya Yudhi Sadewa said. "Our initial target is around US$1 billion, but we will see what the market looks like. If demand is larger, we will increase it," he said in Beijing on Thursday. [...]