Overdue Offerings May Derail Indonesia's Fragile Bond Recovery (Bloomberg)
Bloomberg Jul 31, 2018
Super-sized debt auctions are looming for Indonesia, threatening a nascent recovery in the bond market.
After the worst rout in two years, rupiah debt are contending with a new risk: the average size of offerings may rise for the rest of the year as the government catches up with issuance after a series of rejected bids. PT Sinarmas Sekuritas estimates each sale in the second half will be 25 percent bigger than the previous period.