Hedging for Steadiness

Alam Sutera Realty management hastily revised the hedging contract for the bonds already issued. When the rupiah exchange rate hit Rp14,500 per US dollar, they changed the hedging rate to position Rp15,000. And if the rupiah is believed to be stable at the level of Rp14,800, the property sector company will shift its hedging rate to the level of Rp16,000. "We monitor the movement of the rupiah from time to time," said a spokesman for Alam Sutera Re

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