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Bonds

Surfing the Tidal Wave

Tuesday, June 3, 2003

The Indonesian bond market is becoming increasingly crowded with new bonds issues. Is it safe or will it cause losses?

. tempo : 173510827428.

Waves of new bonds issues are currently flooding the Indonesian capital market. The trend is both a surprise and a delight, especially since shares tran-sactions appear flat. The scene at the Surabaya Stock Exchange (SSE)—the designated bourse for bonds transactions—is filled with heightened excitement. Why not? Dozens of companies are competing to deluge the bonds market with new bonds issues. And it is not only the heavyweight com

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