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A milestone in Indonesia’s local currency bond market has been reached with the successful completion of HRTA’s IDR 1.0 trillion bond issuance under CGIF’s maiden IDR bond program. Oversubscription, competitive pricing, and demand for longer tenors indicate that investors are becoming more confident in CGIF-backed issuances – a positive indicator for the offering. This initiative emphasizes the vital role of credit enhancement in strengthening sustainable capital markets across ASEAN and diversifies HRTA’s funding base.
Watch the video to see how this landmark issuance is helping shape the future of Indonesia’s bond markets.