The Jakarta Post
The Indonesian Export Financing Agency (LPEI), or Indonesia Eximbank, will issue US$1.55 billion in debt paper to support its activities in 2017.
The debt paper will consist of rupiah-denominated bonds worth Rp 14 trillion (US$1.05 billion) and foreign-denominated bonds worth $500 million.
"We have been in the debt market since 2010. Our outstanding bonds of Rp 32.67 trillion [as of 2016] account for 11 percent of the national corporate bond market, making us the biggest corporate bond issuer," LPEI managing director Rahardjo Adisusanto said during the 2017 investor gathering on Tuesday.
(Read also: Indonesia Eximbank to boost SME exports)
In addition to the outstanding rupiah bonds, LPEI has also issued equivalent to Rp 7.2 trillion in foreign currency bonds.
LPEI acting executive director Suswijono Moegiarso said the agency was targeting a 15.96-percent annual increase in its financing portfolio, rising to Rp 102.6 trillion in 2017.
Around 10 percent of the financing would be disbursed to the small and medium enterprise (SME) sector.
"The strategy is to focus financing on the main commodities and penetrate the non-traditional markets. We will also foster SMEs [to expand] into the export market," he said.
Data from LPEI shows that its financing rose by 18.24 percent year-on-year to Rp 88.48 trillion in 2016.
Total assets reached Rp 99.01 trillion, an average increase of 37.2 percent each year since LPEI was established in 2006. (tas)
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