Is securitization back on radar screen in Indonesia?

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.