Looking for the Right Instruments

Stateowned enterprises are aggressively searching for sources of financing to fund multiyear infrastructure projects. One of the primary means pursued involves global rupiahdominated bonds.

August 8, 2017

Stateowned toll road operator Jasa Marga has a serious mission: to find new alternative financing. Officials at that stateowned enterprise, or SOE, spent the last week of July traveling to Singapore, Hong Kong, London and New York. ¡°We have just looked into global bonds in rupiah," said Jasa Marga's CEO Desi Arryani in a text message to Tempo Friday last week.

News about the company’s plans to issue rupiahdenominated global bonds has been ci

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