New issue monitor: Wijaya Karya sells Rph5.4tr Komodo bond

By Morgan Davis
23 Jan 2018

Indonesian construction services company Wijaya Karya sealed a Rph5.4tr ($404.7m) offshore rupiah bond on Monday, a key deal in the opening up of the Komodo bond market.

The Ba2/—/BB rated company’s bond sale came less than two months after toll road operator Jasa Marga sold the first Komodo. The term, coined after Indonesia’s native lizard, refers to bonds sold outside Indonesia but denominated in rupiah. The state-owned enterprise’s Rph4tr trade attracted a number of investors globally, ...

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