TEMPO.CO, Jakarta - State-owned toll road operator Jasa Marga has officially listed Rp4 trillion worth of the Komodo Bond on the London Stock Exchange (LSE) yesterday. The Komodo is the name for rupiah-denominated bonds marketed outside Indonesia.
Signifying the Komodo Bond listing, SOE Minister Rini Soemarno rang the opening bell at the LSE, accompanied by the bourse's CEO Nikhil Rathi and the UK Minister of State, Foreign and Commonwealth Office, Hon Mark Field MP.
Also present in the ceremony were the SOE Ministry's Secretary Imam Apriyanto Putro, OJK chief Wimboh Santoso, and PLN president director Sofyan Basir.
Through Komodo bonds, SOE Minister Rini Soemarno said that investors can benefit from accessing investment opportunities in Indonesian infrastructure to diversify their portfolios.
"Investors also gain access to the local currency, enabling them to gain a higher return compared to USD Bonds. Rupiah-denominated Bonds will be effective effectively for funding and risk management," she said.
Jasa Marga president director Desi Arryani is pleased with global investors' participation in the Komodo Bonds' offering. "The issuance, through London Stock Exchange, the world’s most international stock exchange, allowed Jasa Marga to further diversify its funding sources,” she said.
London Stock Exchange Plc CEO Nikhil Rathi said the listing of Komodo dragons is a milestone for Indonesia. Jasa Marga's bond issuance, Rathi said, marks the first global bond listing by Asian issuers in London.
ALI N.Y.