The popularity of global bonds issued by the Indonesian government and corporations has spiked as both investors and issuers seek to limit foreign currency risks and improve liquidity amid market uncertainty, according to securities company Mandiri Sekuritas.
Mandiri Sekuritas, a subsidiary of state-owned Bank Mandiri, has seen its revenue from the global bonds business increase 41 percent year-on-year (yoy) in the first half as the government was actively issuing US dollars bonds.
“Investors consider Indonesia’s dollar-denominated bonds as premium ones,” Mandiri Sekuritas president director Dannif Danusaputro said during a press conference on Thursday.
The government has issued Rp 630.5 trillion (US$43.1 billion) worth of sovereign debt papers (SBN) as of the end of June, including $4.3 billion from a th...
Starting from IDR 55,000/month