Client Newsletter – New OJK Regulation on Public Offering of Debt Securities to Professional Investors – A Historical Landmark
The Financial Services Authority (Otoritas Jasa Keuangan/OJK) recently issued OJK Regulation No. 11/POJK.04/2018 on the Public Offering of Debt Securities and/or Sukuk (Islamic Bonds) to Professional Investors (“OJK Regulation No. 11/2018”) on 1 August 2018.
Given the maturing capital market industry and the tremendous growth of professional investors in Indonesia, the issuance of this long-awaited regulation serves as a historical landmark. Finally, OJK introduces simplified procedures for issuers of debt securities to conduct public offering which will allow them to minimize the paperwork and overall costs of offering, and thus, stimulating the growth of Indonesian debt capital market to greater heights.
Please see our newsletter on this here.