Indonesia’s high yield issuers call for clearer export rules

Author: | Published: 23 Nov 2011

Indonesia’s high yield market participants are struggling to make sense of the country’s new Receiving of Export Proceeds regulation, according to lawyers in the country.

Many of Indonesia’s high yield issuers use a cash management account (CAMA) structure, in which funds are placed in an offshore account in Singapore, London or Hong Kong for example....