ORI018 Targeted to Absorb Funds of up to Rp 5 Trillion

The Directorate General of Financing and Risk Management (DJPRR) of the Ministry of Finance (Kemekeu) officially opened the offering period for the Retail State Bond (ORI) for series ORI018 online (e-SBN) to the public, Thursday (1/10). The bonds, which are specifically for domestic investors, are targeted to absorb funds of up to Rp 5 trillion. (Investor Daily)

Demand for safe-haven Treasury Debt waned on Wednesday, driving yields up on some signs of progress in negotiations over a coronavirus stimulus bill, which is expected to be voted on in Congress later in the day. U.S. Treasury Secretary Steven Mnuchin on Wednesday said talks with House of Representatives Speaker Nany Pelosi on coronavirus relief legislation had made progress, though no deal was reached. The House is slated to vote on a new $2.2 trillion Democratic relief bill late on Wednesday. (Reuters)

The Indonesia Stock Exchange (IDX) stated that eight companies will issue bonds and sukuk worth of Rp 10.95 trillion by the end of 2020. IDX Director of Corporate Valuation I Gede Nyoman Yetna said the bond issuance plan is based on the pipeline until 30 September 2020. From these eight issuers, there are companies that will issue more than one bond and sukuk. “So there are 10 emissions with a value of Rp 10.95 trillion,” he said. (Investor Daily)

Source: Danareksa Sekuritas Debt Researchh

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