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%
Add BT as a preferred source
Singapore
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 island, are outperforming. Property firms have issued almost half of ex-government dollar notes outstanding in the nation as they bypass local lending curbs, Bloomberg-compiled data show. Their debt has returned an average 5.4 per cent this year, while paper in other industries has lost 0.3 per cent.
TRENDING NOW
Singapore developer in limbo after Timor-Leste scraps major township project
From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire
‘I feel so stupid’: How young Indonesians get stuck on the debt treadmill
Hanoi orders 20% surge in IP enforcement cases in May after US warning
