Indonesian property bonds dip over Modernland’s woes

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Indonesian property bonds dip over Modernland’s woes

Indonesia_flag_PAimages_12May
Volunteers unfurled a giant Indonesian national flag in the Horse Statue area, Jakarta, on October, 20,2019. Ahead of the inauguration of Joko Widodo and MA'ruf Amin as President and Vice-President in the 2019-2024 period, a number of volunteers unfurled a red and white flag along the 200 meters. (Photo by Dasril Roszandi/NurPhoto) | Dasril Roszandi/NurPhoto/PA Images

Indonesian property bonds have taken a hit in the secondary market, following growing concerns that Modernland Realty will default on a bond due in July.

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