Regulatory Alerts2016-04-22
Bank Indonesia Regulation Number 18/4/PBI/2016 Concerning Amendment of Regulation Number 16/21/PBI/2014 on Prudential Principles for Managing External Debt of Non-Bank Corporations
Bank Indonesia issued Regulation Number 18/4/PBI/2016 to amend prudential principles governing external debt management for non-bank corporations. The regulation exempts specific foreign currency external debts from minimum credit rating requirements, including refinancing, infrastructure project financing with significant international creditor participation, trade credit, and debts of Indonesia Eximbank. These changes aim to harmonize regulatory authorities and support domestic infrastructure development and export activities.
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