Indonesia’s Inclusion to Bond Index: On the heel of rating upgrade momentum
· Bloomberg announced the inclusion of Indonesia’s local currency bonds to Bloomberg Barclays Global Aggregate Bond index effective from 1st June 2018.
· A total of 50 rupiah-denominated government bonds, both INDOGB and INDOIS, with market value of USD151.3b are eligible for the inclusion.
· We estimate an index weight of about 0.3% and potential foreign inflows of USD4.0-4.5b to Indonesia’s local bond market.
Regards,
Winson Phoon, ACA
(65) 6231 5831
Se Tho Mun Yi
(603) 2074 7606
Anup Kumar
(62) 21 2922 8888 Ext 29692
akumar @maybank.co.id
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