Coalition of the Unwilling
The government wants to speed up the settlement of domestic debts by buying back recapitalized bonds. But the program faces constraints, mainly because banks are unwilling to give up their bonds.
August 12, 2003
THE unusual upsurge of interest in bond issues is the first time in Indonesia's capital market history. Many companies are racing to issue bonds. The public has now begun to realize the availability of alternatives besides shares. In the US, for instance, government bonds—known as Treasury bonds or T bonds—always play a decisive role. T bonds have very huge capitalization value because they become the main choice for foreign investo
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