Bond Highlights
In the government bond (Surat Utang Negara, “SUN”) auction dated 07/11/2018, the Indonesian government absorbed IDR20.0 trillion from the total bid of IDR38.17 trillion. The amount absorbed was higher than the indicative target of IDR10 trillion. SPN03181018, SUN with 3-month tenor, obtained the total bid of IDR9.07 trillion. Indonesia Composite Bond Index (ICBI) ended lower by 1.2% to 234.01 last week.

Jasa Marga Tbk (JSMR) is looking for funding for capital need of IDR3 trillion—IDR4 trillion. It is considering four funding options, namely asset securitization, komodo bond issuance, project bond, and limited participation mutual funds (RDPT). In 2017, it launched the I Phase of RDPT amounting to IDR1.45 trillion, and planned to launch the II phase of IDR1.55 trillion. The return on investment (ROI) is estimated to be 10.25% with 5- year gross tenor.


Download full report HERE.