Indonesian bonds poised for growth in new year

By Morgan Davis
18 Dec 2019

Debt bankers and investors focused on Indonesia are eager to put the year behind them, after elections and a big dollar bond default dented issuance volumes. But they are optimistic about 2020, believing that the southeast Asian country could live up to its potential as a hotbed of high yield borrowing. Morgan Davis reports.

Dollar bond issuance from Indonesia dipped to about $11.94bn year-to-date, after reaching $18.28bn in full-year 2018 and $18.56bn in 2017. Euro issuance rose slightly to $2.51bn-equivalent, from the $1.81bn raised in 2018 and $1.14bn in 2017, shows Dealogic. But that still leaves the overall volume nearly $6bn lower ...

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