After just four years in business, it's hard to believe that Mandiri Sekuritas is the leader in Indonesia's corporate and government bond market, both in secondary market trading and new issuance. But the numbers don't lie. In 2004, despite a slump in corporate bond issuance in Indonesia, Mandiri has managed to keep its lead on the secondary market trading—adding both depth and liquidity to this growing market. Mandiri Sekuritas trades an average of IDR200 billion worth of bonds a day, up 10-fold compared to trading volumes just six months ago. But Mandiri's lead in the bond market is just one example of why Mandiri was created in the first place: to be the foremost investment bank and securities firm in the country—leading in financial market strength, market leadership and professional integrity. Bank Mandiri, the largest public bank in Indonesia, decided it needed to create a dedicated securities arm that could take the lead in furthering the development of the country's capital markets. And today, it is leading the development of the bond market.
October 01, 2004