Indonesian bonds poised for growth in new year

Indonesia_flag_PAImages_19Dec2019
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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