REPUBLIKA.CO.ID, JAKARTA - Indonesia has recorded the highest growth in Asian bond market in 2013. Asian Development Bank (ADB) recorded that Indonesia's bond market grew 20 percent despite the turmoil and global economic uncertainty.
Head of ADB's Office of Regional Economic Integration Iwan Jaya Azis said that Asian bond market value reached 7.4 trillion USD or grew 11.7 percent compared to 2012. Government bonds grew seven percent, while corporate bonds grew 20 percent.
"China, People's Republic of China, Indonesia, Korea, Malaysia, the Philippines, Singapore, Thailand, and Vietnam are countries with high growth on bond market. Indonesia is the highest with 20.1 percent," Azis said on Thursday.
Indonesia's bond market stood at 108 billion USD in 2013. Government bond rose 20.9 percent or 90 billion USD, while corporate bond rose 16.4 percent or 18 billion USD. The increase was supported by government bonds, consisted of treasury bills and bonds issued by Ministry of Finance and Certificates of Bank Indonesia (BI). In corporate sector, the growth was supported by increase in corporate bonds, subordinated bonds, and sukuk.