Although the talk is nothing new, the Indonesian government is apparently looking again at securitizing petroleum exports. The chief government economic minister, Rizal Ramli, is reported to have said that the government plans to raise around $500 million from natural gas sales to Singapore, and is inviting investment banks to look into a possible future flow deal. Indonesia's national debt currently stands at around $130 billion, and securitization has been seen has a solution to alleviating some of the debt.

In the Philippines, another country where speculation has not been matched by activity, the latest rumor links the government with a deal backed by its 27% shareholding in the brewing company, San Miguel. The Philippines also faces a chronic debt situation, but the government is reluctant to sell its stake in San Miguel - for which it could earn anything up to a billion - and is said to be in discussing with bankers to see if securitizing its holding might be a viable alternative.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.