On Thursday (22/1), Indonesia Stock Exchange (IDX), PT Kliring Penjaminan Efek Indonesia (KPEI), and PT Kustodian Sentral Efek Indonesia (KSEI), in collaboration with PT Pemeringkat Efek Indonesia (PEFINDO), PT Indonesia Infrastructure Finance (IIF), and PT BRI Danareksa Sekuritas (BRIDS), held a seminar titled “Optimizing Debt Securities Issuance through Credit Enhancement.” Held at the IDX Main Hall, the seminar aimed to educate and enrich the insights of business players regarding safer and more attractive debt issuance through credit enhancement services.
I Gede Nyoman Yetna, Director of Company Listing at IDX, stated that the Indonesia Stock Exchange actively organizes socialization and consultation programs for potential issuers nationwide in coordination with capital market stakeholders. “These programs are designed to encourage the issuance of all types of securities, including Debt Securities and Sukuk, which can be enhanced through credit enhancement schemes,” he remarked. On the same occasion, Rizki Pribadi Hasan, President Director of IIF, revealed that IIF’s credit enhancement service acts as a catalyst for the debt market. “This scheme not only strengthens investor confidence but also broadens the investor base and drives successful bond issuance, while supporting sustainable long-term financing for the infrastructure sector and strategic corporations in Indonesia,” said Rizki.
The seminar was divided into two sessions, beginning with a Market Outlook presented by Helmy Kristanto, Chief Economist of BRIDS. The second session featured a talk show with four panelists experienced in debt issuance and credit enhancement: Listyorini Dian Pratiwi (Head of Listing Development Division, IDX), Kevin Praharyawan (Advisor Investment Banking, BRIDS), Martin J. Pandiangan (Head of Non-Financial Services Rating Division 1, PEFINDO), and Arief Ariyana (Deputy Chief Investment Officer, IIF). The panel, moderated by Sofiyan Adhi Kusumah Dinata (Head of Potential Listed Company Development Unit 2, IDX), shared insights regarding debt issuance under the credit enhancement scheme.
In the closing remarks, Irmawati Amran, President Director of PEFINDO, emphasized that PEFINDO’s rating methodology accounts for credit enhancement services or guarantees as a factor to upgrade debt ratings. “Debt securities issued by a corporation can achieve a rating equivalent to IIF’s if they receive a full guarantee through IIF’s credit enhancement,” Irmawati explained.
IDX, KPEI, KSEI, PEFINDO, IIF, and BRIDS remain committed to fostering capital market growth, particularly the debt market, by providing business players with a more comprehensive understanding of credit enhancement services. While not a new concept, the function and mechanism of credit enhancement are not yet fully understood by all market participants. Ultimately, credit enhancement from strong and credible institutions like IIF can support higher quality, sustainable debt issuance, aligned with efforts to deepen the Indonesian capital market.
