Indonesia Pays First Bond Claim From Pandemic-Era Guarantee
The Indonesian government paid $40 million to bondholders after state-owned builder PT Waskita Karya defaulted. This is the first payout under a pandemic-era guarantee program for state company securities.
Indonesia’s government has paid bondholders the 722 billion rupiah ($40 million) owed to them after state-owned builder PT Waskita Karya failed to settle it last week, marking the first payout under a pandemic-era guarantee program for securities issued by state companies.
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