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MARKET

Bond Issuance More Expensive as Coupon Rises

Corporations must spend more money to pay high coupons for the issuance of new bonds in the third quarter. The high coupon is in line with the pressure of economic risks and the increase in benchmark interest rates.

Four issuers carried out bond offerings in September 2018 – PT XL Axiata Tbk (EXCL), PT Waskita Karya Tbk (WSKT), PT Medco Energi Internasional Tbk (MEDC), and PT Bank CIMB Niaga Tbk (BNGA).

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