Waskita’s Missed Bond Payment Puts Indonesia Guarantee to Test
Indonesian state-owned builder PT Waskita Karya was unable to repay 722 billion rupiah ($40 million) of bonds that fell due on Thursday, prompting a claim under an Indonesian government guarantee...
By Harry Suhartono · Bloomberg Markets
Indonesian state-owned builder PT Waskita Karya was unable to repay 722 billion rupiah ($40 million) of bonds that fell due on Thursday, prompting a claim under an Indonesian government guarantee program that could test the country’s pandemic-era mechanism.