Indonesian Credit Finds a Sweet Spot With Rebound From Slump
- Biggest fund managers see rupiah bond spreads tightening more
- Indonesia’s credit market in a sweet spot: Sinarmas Sekuritas
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Optimism that Indonesia’s economy will be the first in Southeast Asia to come out of economic recession will help the rally in its local bond market pick up pace, some of the country’s biggest fund managers said.
Spreads on top-rated rupiah corporate debt will narrow about 75 basis points for five-year notes to about 110 basis points over comparable government bonds in the next couple of months, according to PT Sinarmas Sekuritas and the local unit of Manulife Financial Corp.