{"id":10089,"date":"2012-04-19T16:21:07","date_gmt":"2012-04-19T14:21:07","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/indonesias-global-bond-draws-buyers-keen-to-avoid-rupiah\/"},"modified":"2012-04-19T16:21:07","modified_gmt":"2012-04-19T14:21:07","slug":"indonesias-global-bond-draws-buyers-keen-to-avoid-rupiah","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/indonesias-global-bond-draws-buyers-keen-to-avoid-rupiah\/","title":{"rendered":"Indonesia&#8217;s global bond draws buyers keen to avoid rupiah"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>By Neil Chatterjee and Aditya Suharmoko<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JAKARTA, April 19<\/span> (Reuters) &#8211; Indonesia may issue more<br \/>\ndollar bonds as it reaps the benefit of a recent investment<br \/>\ngrade sovereign rating and market demand, after borrowing more<br \/>\nthan $2 billion this week at lower yields than some of its<br \/>\nemerging peers and troubled euro zone nations.<\/p>\n<p><span><\/span><\/p>\n<p>The government sold a bigger-than-expected $2 billion of a<br \/>\nnew 10-year dollar bond on Tuesday after drawing a hefty $5.9<br \/>\nbillion in orders, and another $500 million in 30-year bonds &#8211;<br \/>\nits first global issue since getting a second stamp of approval<br \/>\nfrom Moody&#8217;s in January.<\/p>\n<p><span><\/span><\/p>\n<p>The big foreign demand surprised some analysts, who feel<br \/>\nIndonesia&#8217;s broad economic picture is not as rosy as the bond<br \/>\nsales indicate. On Thursday, brokerage Jefferies said that under<br \/>\nthe surface, Indonesia&#8217;s finances were becoming &#8220;imbalanced&#8221; and<br \/>\nthe country is &#8220;increasingly addicted to offshore dollar<br \/>\nfunding.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The 10-year yield of 3.85 percent, a record low for<br \/>\nIndonesia, w as below that achieved by countries such as Russia,<br \/>\nSouth Africa and Turkey in global bond issues this year, and<br \/>\nabout 200 basis points under equivalent Spanish and Italian<br \/>\ndebt. Ten-year U.S. Treasuries presently yield just under 2<br \/>\npercent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;With a low yield and high incoming bids, it shows how high<br \/>\ninvestor confidence is on Indonesia&#8217;s economy in the future,&#8221;<br \/>\nsaid Herbie Mohede, who manages about $70 million in assets<br \/>\nincluding fixed-income ones at PT Samuel Aset Manajemen in<br \/>\nJakarta.<\/p>\n<p><span><\/span><\/p>\n<p>In Mohede&#8217;s view, &#8220;with conditions as good as they are now,<br \/>\nit&#8217;s not a problem for Indonesia to add extra bond issues &#8211; both<br \/>\nlocal and foreign investors will be interested.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Neil Chatterjee and Aditya Suharmoko JAKARTA, April 19 (Reuters) &#8211; Indonesia may issue more dollar bonds as it reaps the benefit of a recent investment grade sovereign rating and market demand, after borrowing more than $2 billion this week at lower yields than some of its emerging peers and troubled euro zone nations. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10089","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10089"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10089\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}