The Asset-Bond Exchange Test

The Indonesian Bank Restructuring Agency (IBRA) is holding a big event called "The Sale of Credit Assets" or PPAK for short. The sale, valued at Rp189 trillion, will end the beginning of August, when the names of the winners are announced. The participants are 202 investors. The goods offered are collections of commercial credits and unrestructured credits—not top assets such as BCA, for example. Despite the type of goods being offered, m

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