Indonesia's borrowers adapt to a new reality

The country's pool of bond investors and issuers were forced to adjust to a new landscape after a series of rate hikes from the central bank last year sent government and corporate bond yields shooting upwards. But market participants are now largely used to the new, higher yield environment, so talk has turned to tackling older problems. These include how to broaden the issuer base from a preponderance of multi-finance names, how to encourage more sukuk (Islamic bond) issuance, and how best to structure deals to allow lower-rated issuers into the market. Asiamoney sat down with a high-profile group of panellists in Jakarta to discuss what needs to change.