A group of some 50 international money managers were given the chance to meet with Indonesian corporates, government officials and representatives of multilateral agencies and to assess investment opportunities in Indonesia. Speakers at the forum included senior representatives from the IMF, World Bank, Bank Internasional Indonesia, Bank Negara Indonesia, Bank Indonesia, Indofood, Indosat, State-Owned Enterprises, HM Sampoerna and Telkom. USD bond spreads have already rallied 850bps and the macro and political outlook is rapidly improving. The key factors for a strong sustainable recovery are the rehabilitation of the banks and a fair, transparent and effective legal system that guarantees contract law.
Government also needs to privatise to reduce the debt burden and improve competitiveness.
Credit Suisse First Boston is among the most active of international investment banks in Indonesia and is currently working with a large number of corporates on restructuring mandates. Its expertise spans the debt and equity capital markets and is one of the world's leaders in mergers and acquisitions and financial advisory. Danareksa is the largest and most active local investment bank in Indonesia. Its innovative structuring of capital market transactions, investment management, capital raising and debt restructuring in Indonesia reflects its deep understanding of, and long-standing commitment to, Indonesia and Asian markets. All rights reserved.