Indonesia opens up to local bonds
- From: Vol 7, Issue 10 (October 2006)
- Category: General
- Region: Asia
- Country: Indonesia
- Related Companies: Danareksa Sekuritas and Fitch
USAID is negotiating a bond guarantee scheme that could become the model for funding local water infrastructure.
Indonesian water companies could soon gain access to long-term financing through the domestic bond market, according to a well-placed source in Jakarta. To this end, USAID is already working with local investment bank Danareksa Sekuritas towards providing a partial guarantee for a rupiah-denominated bond to be issued by one of the major local water utilities.
It is hoped that the ...
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