Indonesian watchdog looks to broaden the local bond market

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Supply and demand could both use a boost, One of the key objectives for Indonesia’s financial supervisory authority is to expand the local bond market.

To help boost supply, the Otoritas Jasa Keuangan, or OJK, has reduced issuing costs by cutting the amount of documentation required by borrowers to come to market. As a result, the number of days needed to get a bond issuance off the ground has fallen from 45 to 35.

Growing numbers of repo transactions could be a way to increase market liquidity, Nurhaida said. To that end, the OJK issued a global master repurchase agreement in 2015 to make repo transactions in #Indonesia match global best practices. The regulator is also set to launch an electronic trading platform for bonds in the first half of 2017. “This will make trading more transparent and price discovery easier.”

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