Indonesia

Singapore-listed palm oil company First Resources is tapping the loan market for a $150m-equivalent dual-currency deal.

Indonesian garment company Pan Brothers has been downgraded by Fitch Ratings for the third time in the past three months as a result of refinancing pressure.

Indonesian chicken producer Widodo Makmur Unggas is aiming to raise up to Rph1.18tr ($84m) from the country’s largest IPO in over a year.

The Republic of Indonesia kicked off its 2021 bond issuance this week with a $3bn deal in dollars, split across 10 year, 30 year and 50 year notes, as well as a €1bn tranche.

The Republic of Indonesia, a keen issuer in dollar and euro markets, launched a euro-denominated benchmark bond on Tuesday, jumpstarting its funding for the year.

Indonesia’s government has been lauded for taking a proactive approach to combat the impact of the pandemic this year, unleashing a spate of fiscal and monetary policies to spur growth and rallying state-owned enterprises to offer support. There are still plenty of challenges ahead but the ministry of finance and the central bank have proved to be careful stewards of the economy.

The Indonesian authorities have used nearly every trick in their fiscal and monetary policy playbook to kick-start an economy hit hard by the coronavirus pandemic. The results are slowly showing, but there is an uphill battle ahead, writes Rashmi Kumar.

Indonesia has made impressive use of the international bond markets to endure a volatile year. GlobalCapital finds out what the country is planning next.

State-owned enterprises have emerged as a critical agent for Indonesia’s government to spur economic growth during the pandemic. Their importance is only likely to rise in the future, writes Rashmi Kumar.

Indonesian high yield companies that had limited access to the international bond market this year due to the Covid-19 pandemic are now preparing for a challenging 2021 — unless sentiment gets a dramatic boost from the vaccine news. Morgan Davis reports.

Why have Indonesian state-owned companies seen resounding success in the dollar bond market this year amid the pandemic? Morgan Davis finds out.

Indonesian textile products manufacturer Sri Rejeki Isman, better known as Sritex, is planning to extend a dollar loan closed in 2019 by two years.