Corporate Indonesia eyes local debt market as dollar rises
Companies turning to rupiah bonds to refinance US dollar debt while market for domestic debt grows
Add BT as a preferred sourceSingapore
INDONESIAN companies are turning to the local debt market to refinance dollar debt in a bid to limit the impact of currency volatility and capitalise on growing domestic demand for bonds.
Animal feed manufacturer Japfa Comfeed is among those looking at rupiah bonds to repay its US dollar obligations. "We might refinance the dollar debt through rupiah issue or another dollar offering or both," said Elvina Apandi Hermansyah, vice president and head of investor relations.
TRENDING NOW
Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
When every phone becomes a satellite phone, what happens to Asia’s telcos?
‘How come you’re so young?’: Gen Z couple takes on Singapore’s established bullion dealers
