SOEs make ‘grand gesture’ on Indonesian FX hedging
Prominent Indonesian corporates are making Bank Indonesia (BI) has enforced hedging for all non-bank corporates, including state companies.
State-owned enterprise (SOE), PT Perusahaan Listrik Negara (PLN), signed a $950 million foreign exchange (FX) hedging facility with three state lenders under BI’s facilitation on April 10, 2015.
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