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Pefindo: Value of Indonesia’s Debt Paper to Reach IDR 90 trillion in 2016
Pefindo: Value of Indonesia’s Debt Paper to Reach IDR 90 trillion in 2016
TUESDAY, 21 JUNE 2016 – Indonesian credit rating agency Pefindo (Pemeringkat Efek Indonesia) says the value of issued debt paper in Indonesia may reach IDR 90 trillion (approx. USD $6.8 billion), up 34 percent from the IDR 67 trillion worth of debt paper that was issued in Indonesia last year. Debt paper involves bonds, sukuk (Islamic bonds), and medium term notes. So far this year, Pefindo has been tasked to rate up to IDR 44.1 trillion worth of debt paper, while debt paper that has been issued up to May totaled IDR 25 trillion (approx. USD $1.9 billion).