At the end of the day, does it really destroy investor confidence, does it really result in Indonesia being less able to service its debt, does it totally discourage tourism? It's much less of an impact than that.
Let's see what sort of spreads it comes out at.
We are definitely looking at it, like we participated in the earlier bond sale by Indonesia. There is going to be a rating upgrade, which is positive.
The worry is the shortage of dollars. The market is watching their reserves position.
The last time we bought these bonds, they've been quite a positive exposure.
