Indonesia Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-indonesia
Indonesia Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 6.38%, fitted curve 9M–25Y (5.02%–6.58%), 28 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 9M | 5.02% | — |
| 18M | 5.21% | 5.39% |
| 2Y | 5.26% | 5.42% |
| 3Y | 5.37% | 5.59% |
| 4Y | 5.51% | 5.92% |
| 5Y | 5.67% | 6.32% |
| 6Y | 5.84% | 6.72% |
| 7Y | 6.01% | 7.04% |
| 10Y | 6.38% | 7.24% |
| 15Y | 6.56% | 6.91% |
| 20Y | 6.58% | 6.64% |
| 25Y | 6.58% | 6.59% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.26% and the 10-year 6.38%, a 10Y−2Y spread of +112 bp — positively sloped — as of 2026-07-27. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-07-27 | 1m ago— | 2m ago2026-05-18 | 3m ago2026-04-30 | 4m ago2026-04-01 | 5m ago2026-02-12 | 6m ago2026-01-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.26% | — | 4.84% | 4.83% | 5.03% | 4.41% | 4.45% |
| 10Y | 6.38% | — | 5.89% | 5.78% | 5.92% | 5.59% | 6.11% |
| 10Y − 2Y | +112 bp | — | +105 bp | +95 bp | +90 bp | +118 bp | +166 bp |
Yields by rating group
The same curve split by credit quality: 49 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 6.13%, Speculative 7.51%.
Bonds in this curve
A selection of 30 of the 51 bonds behind this curve, spread across maturities. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| PT Freeport Indonesia | 4.96% | 2027-04-14 | 4.76% | USY7141BAA18 |
| PT Freeport Indonesia | 4.91% | 2027-04-14 | 4.76% | US69377FAA49 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 5.03% | 2027-05-15 | 4.12% | US71568QAC15 |
| PT Bank Mandiri (Persero) TBK | 5.04% | 2028-03-24 | 4.90% | XS3011307678 |
| PT Pertamina Geothermal Energy TBK | 5.50% | 2028-04-27 | 5.15% | USY7140EAA65 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 5.48% | 2028-05-21 | 5.45% | US71568QAE70 |
| PT Indonesia Asahan Aluminium & PT Mineral Industri Indonesia Persero | 5.11% | 2028-11-15 | 6.53% | USY7140WAC20 |
| PT Indika Energy TBK | 8.26% | 2029-05-07 | 8.75% | USY71247AA15 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 5.41% | 2029-07-17 | 3.88% | US71568QAJ67 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 5.53% | 2030-02-05 | 3.38% | US71568QAL14 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 5.44% | 2030-06-30 | 3.00% | US71568PAN96 |
| PT Pertamina (Persero) | 5.64% | 2031-02-09 | 2.30% | US69370RAL15 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 5.45% | 2031-02-03 | 4.75% | US71568PAZ27 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 5.49% | 2031-02-03 | 4.75% | US71568QAZ00 |
| PT Freeport Indonesia | 5.75% | 2032-04-14 | 5.32% | US69377FAB22 |
| PT Freeport Indonesia | 5.62% | 2032-04-14 | 5.32% | USY7141BAB90 |
| Star Energy Geothermal Wayang Windu Limited | 6.46% | 2033-04-24 | 6.75% | USG84393AC49 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 6.28% | 2036-02-03 | 5.45% | US71568QAX51 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 6.21% | 2036-02-03 | 5.45% | US71568PAX78 |
| PT Pertamina (Persero) | 6.55% | 2042-05-03 | 6.00% | USY7138AAD29 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 6.73% | 2042-10-24 | 5.25% | US71568QAB32 |
| PT Pertamina (Persero) | 6.54% | 2043-05-20 | 5.62% | USY7138AAF76 |
| PT Pertamina (Persero) | 6.61% | 2044-05-30 | 6.45% | US69370RAA59 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 6.73% | 2047-05-15 | 5.25% | US71568QAD97 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 6.74% | 2048-05-21 | 6.15% | US71568QAF46 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 6.65% | 2049-07-17 | 4.88% | US71568QAK31 |
| PT Pertamina (Persero) | 6.46% | 2050-01-21 | 4.17% | US69370RAG20 |
| Perusahaan Perseroan (Persero) PT Perusahaan Listrik Negara | 6.69% | 2050-06-30 | 4.00% | US71568QAP28 |
| PT Freeport Indonesia | 6.59% | 2052-04-14 | 6.20% | US69377FAC05 |
| PT Freeport Indonesia | 6.47% | 2052-04-14 | 6.20% | USY7141BAC73 |