Asia Pulp & Paper recently issued its second trade receivables securitization in the last year to confirm the reemergence of Indonesia on to the world securitization stage.

The deal, which was arranged by ING Barings and worth $125 million, was rated AA/Aa3 by Standard & Poor's and Moody's Investors Service thanks to a wrap from Bermuda-based multiline insurer, Centre Solutions.

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