Multipolar owns businesses such as Matahari, a department store, and a chain of supermarkets
Indonesian retailer Multipolar sold a $200 million junk bond on Friday, making it one of only a handful of Asian companies to brave the volatile markets since the US Federal Reserve signaled it would start to withdraw stimulus.
Multipolar priced its five-year high-yield bond at 9.75%. It follows South Korea’s MagnaChip Semiconductor, which sold $224 million worth of high-yield bonds on July 15.
The deals are a sign that investors’...