Investors snap up Indonesian bonds
Foreign investors have bought nearly as many Indonesian bonds in the first few months of this year as they did during the whole of 2009. Other investment flows are also up, boosted by the country's recent upgrade by Standard & Poor's.
Indonesia seems to be flavour of the month, particularly in terms of bond investments. Debt instruments issued in the country were already proving very popular, even before Standard & Poor's upgraded the country's foreign-currency rating to BB from BB- on March 12, its highest rating in 12 years.
Foreign holdings of Indonesian bonds rose to Rp127.76 trillion ($14 billion) on March 12, up from Rp125.06 trillion on March 5, Rp108 trillion at the end of last year and Rp87.6 trillion…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.