Firms in Indonesia opt for debt over equity fundraising
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Annabeth Leow
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Singapore
THE true action in Indonesia these days lies in the debt capital markets, as a double-digit number of public listings in the first four months of 2020 came alongside a year-on-year fall in the amount of equity funds raised.
The Covid-19 pandemic has taken a toll on companies' ability to scrounge up cash, as initial public offering (IPO) sizes and merger and acquisition (M&A) deal values shrank.
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