This special report is published in collaboration with GlobalCapital.
Indonesia’s government was lauded for taking a proactive approach to combat the impact of the pandemic in 2020, unleashing a spate of fiscal and monetary policies to spur growth and rallying state-owned enterprises to offer support. There are still plenty of challenges ahead but the ministry of finance and the central bank have proved to be careful stewards of the economy.
This has created opportunities for bond investors. Indonesia’s regular sovereign issuance means there is now a deep offshore bond curve across a range of maturities, with benchmarks for conventional bonds, green bonds, global sukuk and Samurai issuance. The country’s state-owned enterprises look likely to take advantage of this in 2021, turning to international bond investors to help fund recovery. There will also be deals from high yield corporations, although many will face a tougher path to the market.
Against that backdrop, we are pleased to unveil this in-depth report, published in partnership with GlobalCapital on Indonesia’s economy, corporations and capital markets. The report is the result of interviews with bankers, investors, analysts, executives at state-owned enterprises and government officials. It should help answer questions about the key developments in the country in 2020 — and what to expect in 2021.
This report featured interview with Sean Henderson, co-head of debt capital markets, Asia Pacific, HSBC.
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