World & BusinessWaskita Karya reportedly misses $40 million bond payment
Bloomberg reports that the Indonesian state-owned builder’s missed repayment prompted a claim under a government guarantee program.
TLDR
PT Waskita Karya was unable to repay 722 billion rupiah ($40 million) in bonds due September 24, Bloomberg reports. The missed payment prompted a claim under an Indonesian government guarantee program that could test the country’s pandemic-era mechanism.
Waskita Karya reportedly misses $40 million bond payment
Bloomberg reports that the Indonesian state-owned builder’s missed repayment prompted a claim under a government guarantee program.
TLDR
PT Waskita Karya was unable to repay 722 billion rupiah ($40 million) in bonds due September 24, Bloomberg reports. The missed payment prompted a claim under an Indonesian government guarantee program that could test the country’s pandemic-era mechanism.