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Indonesia builders' US$ bonds outperform despite slowing economy

Their debt has returned an average 5.4% this year, while paper in other industries has lost 0.3%

Bali's surf, volcanic-brick architecture and rice-paddy landscapes are high on wish lists of millionaires seeking beachfront havens, with top home prices rising 15 per cent last year.


WHAT could be nicer than your own beachside villa in Bali boasting a plunge pool, ocean views and personal chauffeur? For some, owning the debt that built it.

Dollar-denominated bonds of Indonesian developers, including those building luxury projects on its main resort