Is securitization back on radar screen in Indonesia?

BNI and Pertamina both hold beauty parades, despite local and international scepticism.

In a surprising turn of events on the Asian asset backed securitization ABS scene, news has emerged from Jakarta of two potential transactions by state-owned organisations. Pertamina, the oil and gas giant, and Bank Negara Indonesia BNI, the largest publicly traded bank in Indonesia, have both held beauty parades for potential ABS deals in the last couple of months. Both foreign and local houses have been invited to pitch.

Details are still fairly sketchy on the Pertamina...

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