Indonesian corporates are heading toward a sharp increase in capital market amortisations in 2018 and 2020, reflecting maturity of bonds issued in 2012-2013, Fitch Ratings says in a new report.
Indonesian corporates face USD1.4bn in capital market amortisations in 2016 and USD3.2bn in 2017, with high-yield issuers accounting for USD572.8m and USD2.3bn, respectively. These capital market amortisations will peak in 2018 and 2020 at USD3.3bn and USD3.7bn, respectively.
Fitch Ratings believes that M&A and capex-related issuance will be limited in 2016 in view of the upcoming maturities and the increased cost of US dollar issuance. Investor sentiment toward US dollar bonds issued by Indonesian corporates has also been affected by recent defaults. The 2016 maturities appear manageable, though the shallower domestic market will provide challenges for the refinancing.


Energy Sector Outlook 2025: AI's Role and Market Dynamics
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Stock Futures Dip as Investors Await Key Payrolls Data
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
US Gas Market Poised for Supercycle: Bernstein Analysts
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 



