Toll road operator lists Komodo bonds on LSE

Jasa Marga aims to collect 4 trillion rupiah (US$280 million) from the debt papers. Demand for them has reached about 15.7 trillion rupiah.
“I am happy to see that many global investors purchased the Komodo bonds,” said Jasa Marga president director Desi Arryani in London, adding that the three-year term bonds with a coupon interest rate of 7.5 per cent annually had attracted investors from Asia, Europe and North America.
Securities firm BCA Sekuritas economist David Sumual said the issuance of the bonds on the LSE would gain the attention of global investors because of the coupon interest rate.
“The intensive construction of infrastructure projects made the debt papers more attractive,” he said.
Ashmore Asset Management analyst Anil Kumar said the rate was not the only factor that made the bonds attractive as "investors also took note of the company's default risk, debt papers and firm ratings as well as the economic conditions of the country."
Meanwhile, Indonesia Stock Exchange (IDX) company assessment director Samsul Hidayat said the listing of the Komodo bonds on the LSE would have a positive impact on the country's investment climate. 
“It indicates that foreign investors trust Indonesia. They did not hesitate to invest in [Indonesian] bonds,” he said.