In 2020, UNDP conducted a feasibility study on Indonesia's SDG Bond issuance. The study includes among others analysis on the sustainable financing regulatory landscape, market overview, structure and issuance process, pricing methods, as well as its opportunities and challenges. Findings and recommendations from the study have served as a foundational source for Indonesia’s inaugural SDG Bond—issued on September 2021 in the amount of €500 million. Being the first sovereign SDG Bond from Southeast Asia, this innovative financing instrument enables the Government of Indonesia to finance SDGs-oriented projects to advance the country's 2030 Agenda achievement.