Junk bond

Indonesian retailer tests waters with junk bond

Other Asian companies in need of cash will watch the performance of Multipolar’s high-yield bond closely to see if the investor appetite for riskier instruments is returning.

<div style="text-align: left;"> Multipolar owns businesses such as Matahari, a department store, and a chain of supermarkets </div>

Alison Tudor-Ackroyd

July 19, 2013

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.

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