These three Local Governments are Ready to Issue Bonds

By : Wiyanto Dan Aldo Bella Putra | Friday, February 02 2018 - 23:30 IWST

Hoesen, Dewan Komisioner Otoritas Jasa Keuangan (OJK) (Ist)
Hoesen, Dewan Komisioner Otoritas Jasa Keuangan (OJK) (Ist)

INDUSTRY.co.id - Jakarta - Local Government is encouraged to issue regional bonds as state bonds. Issuance of local bonds requires a process that is not short because it involves the Regional House of Representatives (DPRD).

Hoesen Chief Executive Officer of the Capital Market Supervisor and Member of the Board of Commissioners of the Financial Services Authority said that there are three Local Governments (Pemda) which state the readiness to issue bonds.

"The three ready are DKI Jakarta, West Java and Central Java to issue bonds," he said in Jakarta, Friday (2/2/2018).

According to him, the issuance of regional bonds must be implemented in accordance with PP 30 of 2011 and the provisions of capital market law regulations.

Moreover, the end of 2017, he continued, OJK has issued a regulation package of regional bonds consisting of POJK 61/2017 on the registration statement document in the framework of public offering, POJK 62/2017 on the form and content of prospectus and prospectus succinct in the framework of public offering and POJK 63 / 2017 on reports and announcements of issuers of local bonds and sukuk.

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