Indonesia’s bond market comes back to life

The Republic of Indonesia’s successful $2 billion issue this March has given an impetus to the revival of the country’s corporate bond issuance. Nick Parsons reports.

INTERNATIONAL INVESTMENT BANKERS are flooding back into Jakarta. It’s just like the old days.

Not so much the equity market hotshots – for few Indonesian companies want to get listed these days or do convertible bonds. And certainly not the syndicated loan bankers who used to finance a huge market before the 1997/98 crisis but are reluctant to lose their money again. But definitely the debt capital markets bankers – who see Indonesia as being at the forefront of the long-imagined Asian high-yield market.

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