Indonesia’s global bonds spike in popularity amid uncertainty: Mandiri Sekuritas

An employee arranges US dollar bills at a money changer in Jakarta on March 19. Mandiri Sekuritas, a subsidiary of state-owned Bank Mandiri, has seen its global bonds revenue increase by 41 percent year-on-year in the first half as the government and corporates issued more dollar-denominated debt. - Antara

JAKARTA (The Jakarta Post/ANN): The popularity of global bonds issued by the Indonesian government and corporations has spiked as both investors and issuers seek to limit foreign currency risks and improve liquidity amid market uncertainty, according to securities company Mandiri Sekuritas.

Mandiri Sekuritas, a subsidiary of state-owned Bank Mandiri, has seen its revenue from the global bonds business increase 41 per cent year-on-year (yoy) in the first half as the government was actively issuing US dollars bonds.