Tuesday, 02 January 2018 00:00

SOE Minister Rini Soemarno Says More Bonds will be Issued in 2018

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The Indonesian government is pushing private companies and state-owned enterprises (SOEs) to issue more bonds this year, to finance infrastructure projects in a bid to reduce the use of state budget (APBN). SOE Minister Rini Soemarno predicts that more bonds will be issued this year. Aside from bonds, the government also expects continued effort to finance the projects through securities and loan syndications. She recently said in Jakarta, as for projects that are commercially available, SOEs and private companies will seek fund from loan syndication and bond issue. At the end of 2017, state-owned PT Hutama Karya secured Rp8.06 trillion loans from seven banks and PT Kereta Api Indonesia received Rp19.2 trillion loans. In view of PT Jasa Marga’s successful issue of global bond Komodo Bond, Rini said that she is now readying other SOEs to follow suit. However, she could yet specify project the value of bond issue//Tempo 

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