Krishna Merchant is Asia credit correspondent at IFR. She covers credit, mainly corporate bonds in India, Indonesia and the Philippines, and also the offshore rupee market, or Masala, bonds for India. She has been with IFR since May 2016.
Indonesian toll-road operator Jasa Marga opened the offshore rupiah, or Komodo, bond market for business on Thursday with a Rp4trn (US$295m) issue that beat pricing expectations.
Indian state-owned enterprises are turning to US dollar bonds, some for the first time in many years, in a push to diversify their funding as onshore yields inch higher and huge state issuance crowd out demand for other paper.
Indonesian toll road operator Jasa Marga opened the Komodo bond market for business on Thursday with a Rp4trn (US$295m) offshore rupiah issue that beat pricing expectations.