business

Indonesia Makes First Bond Payment Under Pandemic Guarantee Program

28 Eylül 2026Bloomberg

Indonesia has paid 722 billion rupiah to bondholders after PT Waskita Karya's default, the first payout from a pandemic guarantee program.
Indonesia's government has made its first bond payout under a pandemic-era guarantee program, compensating bondholders 722 billion rupiah ($40 million) after PT Waskita Karya, a state-owned builder, defaulted. This marks a significant step in the government's efforts to stabilize the financial market and support sta…
The payout highlights the risks associated with state-owned enterprises and the government's commitment to uphold its guarantees.
The pandemic significantly impacted Indonesia's economy, leading to increased defaults among state-owned enterprises. The government introduced a guarantee program to protect investors and stabilize the market, reflecting a broader trend of state intervention in the economy during crises.
The government’s intervention in this case underscores the importance of maintaining investor confidence in state-backed securities. By honoring the guarantee, Indonesia not only mitigates immediate financial fallout but also reinforces the credibility of its pandemic-era support measures.

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This article is for informational purposes only and does not constitute financial advice.

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