Mandiri Group Encourages Corporations to Publish Komodo Bonds

By : Herry Barus And Aldo Bella Putra | Wednesday, September 27 2017 - 23:30 IWST

Dirut Bank Mandiri Kartika Wirjoatmodjo, Deputi Bidang Jasa Keuangan, Jasa Survey dan Konsultasi Kementerian BUMN Gatot Trihargo, dan Dirut Mandiri Sekuritas Silvano Rumantir tengah bersalaman saat membuka workshop Global IDR Bonds, Rabu (27/9/2017
Dirut Bank Mandiri Kartika Wirjoatmodjo, Deputi Bidang Jasa Keuangan, Jasa Survey dan Konsultasi Kementerian BUMN Gatot Trihargo, dan Dirut Mandiri Sekuritas Silvano Rumantir tengah bersalaman saat membuka workshop Global IDR Bonds, Rabu (27/9/2017 - Jakarta- Bank Mandiri Group encourages corporations, both state-owned (BUMN) and private companies to issue Global IDR Bonds or Komodo Bonds as an alternative funding in order to support infrastructure development.

"Mandiri Group is committed to supporting government programs, especially in providing funding alternatives, as well as from overseas funding, one of which is Global IDR Bonds or better known as Komodo Bonds," said Royke Tumilaar, Director of Wholesale Banking at Bank Mandiri. dama "Global IDR Bonds Workshop" in Jakarta, Wednesday (27/09/2017).

Royke Tumilaar argues that Global IDR Bonds is a rupiah-denominated debt that can be offered not only to domestic investors but also to global investors. In general, Global Bonds IDR deals are expected to increase global investor participation in supporting national development.

"In addition, it is also expected to provide access and diversification of rupiah-based funding sources for companies in Indonesia engaged in various sectors, particularly the infrastructure sector," he said. According to Royke Tumilaar, it is currently a good momentum for corporations to expand access to finance international market, given that Indonesia has an investment grade rating from international rating agencies, making Indonesia as one of the global investment destination countries.

"A number of developing countries have successfully issued global local debt instruments and received positive response from global investors, including the Philippines with Global Peso, China with Dim Sum Bonds and India with Masala Bonds," he said.

He said that the government needs funds for infrastructure investment of around Rp5,500 trillion for the next five years or Rp1,100 trillion per year. Where investment needs can be financed by domestic financing of around Rp900 trillion per year.

"Thus, there is a potential of Rp200 trillion per year investment needs can be financed from abroad," he said.

On the same occasion, Director of Mandiri Sekuritas Silvano Rumantir said that the IDR Bonds Global instrument is expected to provide access; source and verifiable rupiah-based funding for companies in Indonesia engaged in various sectors, in particular the infrastructure sector.

"And for investors, this instrument provides a diversified portfolio of quality," he said.

In the Global IDR Bonds Workshop event, the Bank Mandiri Group provides insightful insight to more than 100 companies on global instruments of bonds, benefits, to the stages of its publication. (Ant)

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