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Indonesia Billionaire's Builder Joins Top Asia Junk Bonds

  • Lippo Karawaci’s ability to generate cash flow in focus
  • Fund-raising buoys sentiment but worry over project persists
Lippo Group's Meikarta Development As Bribery Probe Hurts One of Southeast Asia's Biggest Projects
Photographer: Graham Crouch/Bloomberg
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A builder controlled by Indonesia’s billionaire Riady family has rebounded from the depths of distress to become one of the best performers in the Asia junk dollar bond market.