Looking for the Right Instruments

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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